📋 Tender Overview
Project ID: 56207
Status: Concept Reviewed
Location: West Bank and Gaza
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 11 Jun 2025
Disclosure date: 07 May 2025
Project Description
Provision of a USD 10.0 million (EUR 8.8 million) financing package in favor of Quds Bank, comprised of: (i) a USD 8.0 million loan under the WB&G Green Economy Financing Facility (GEFF) for gender-responsive on-lending to eligible MSMEs and residential sub-borrowers based in the West Bank; and (ii) a USD 2.0 million Women in Business (WiB) loan for on-lending to eligible women-led businesses in the West Bank.
The GEFF loan will be accompanied by a comprehensive package of incentive grants and technical assistance funded by the European Union (EU) through the Sustainable Growth4All Program. The WiB loan will be accompanied by a 20% first-loss risk cover (FLRC) funded by the EU through its Initiative for Financial Inclusion (Neighbourhood Investment Facility - SEMED Financial Inclusion Program).
Project Objectives
The GEFF loan will enable Quds Bank to scale up green investments in the West Bank through gender responsive on-lending to MSME and residential sub-borrowers for small-scale renewable energy, water, energy and resource efficiency projects, including the circular economy concept, and support of relevant green technology supply chains. The WiB loan will be exclusively dedicated to supporting women-led businesses, a largely underbanked segment of the Palestinian economy.
Transition Impact
ETI score:70
one of the largest banks in WB&G, Quds Bank is a key partner to deploy support to local private MSMEs and residential sub-borrowers in the West Bank. Accordingly, the expected transition impact for the project is expected to be derived from (i) the Green quality, by contributing to the objective of the WB&G GEFF Program of promoting the transition to an environmentally sustainable, low-carbon and climate-resilient economy in WB&G; (ii) the Inclusive quality, by promoting greater financial inclusion to women businesses through WiB loan; and (iii) the Competitive quality, by supporting the expansion of QB's lending to private women MSMEs, through WiB loan.
