📋 Tender Overview
Location: West Bank and Gaza
Project number: 55159
Business sector: Financial institutions
Notice type: Private
Total Project Cost: USD 8,000,000.00
Project Description
Provision of a senior MSME loan of up to USD 8.0 million (EUR 7.4 million) in favor of Quds Bank. The MSME loan will be utilised by Quds Bank for on-lending to eligible private MSMEs based in the West Bank to address the needs for credit and support businesses affected by the consequences of the current hostilities in order to stay afloat and maintain operations.
Project Objectives
The operation will enable Quds Bank to scale up lending to MSMEs in the West Bank following increased financing needs in the wake of October 7th, 2023 events, which had severe negative impacts on the economic activity in the West Bank in general, and MSMEs in particular.
Transition Impact
ETI score: 68
As one of the largest banks in WB&G, Quds Bank is a key partner to deploy support to local private MSMEs in the West Bank. Accordingly, the expected transition impact is expected to be derived from: (i) the Inclusive quality, by supporting underserved regional MSMEs operating outside the main urban centre of the West Bank, and (ii) the Competitive quality, by focusing on expanding Quds Bank's MSME portfolio while ensuring prudent lending practices.
