Press Release —
Cairo Amman Bank obtained a loan of $10 million with the aim of promoting
investments in climate projects in Jordan, and providing loans to small and
medium-sized companies that invest in technologies to reduce the impact of
climate change and adapt to it, the bank said in a press statement.
اضافة اعلان
Of the total, $7.5
million comes from the European Bank for Reconstruction and Development (EBRD),
while the remainder, or $2.5 million is financing from the Green Climate Fund.
It is the first
financial facility obtained by Cairo Amman Bank within the framework of the
regional green economy financing program, the Green Climate Fund in Jordan.
The loan agreement
was signed by Jurgen Rigterink, first vice president of the EBRD and Head of
Customer Services Group, and Kamal Al Bakri, CEO of Cairo Amman Bank.
With this, Cairo
Amman Bank has “started a new era of green climate investments in Jordan in
cooperation with the EBRD and the Green Climate Fund”, the statement said.
“This $10 million
financial package under the frame of green economy finance facilities will
enable the bank to invest in climate change and green technology,” it added.
“This cooperation
and appropriate moral and financial support enables the bank to strengthen its
partnership with the EBRD to continue and achieve the success stories that have
contributed greatly to Jordan’s economic growth in the past few decades,”
according to the statement.
During the past
years, Cairo Amman Bank intensified its activities and events aimed at
spreading the culture of the green environment, as the bank took upon itself
the dissemination and promotion of this culture in the community.
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