DEG financial commitments in emerging-markets and developing countries is to help the local private sector to become the engine for sustainable economic, social and ecological development.
IFC a member of the World Bank Group is helping Fransabank, scale up its support to businesses that are looking to adopt renewable and energy efficient technologies and ultimately mitigate climate change by advising the bank for the fourth year on its Sustainable Energy Finance Initiative.
The European Investment Bank (EIB) signed with Fransabank a financing agreement for USD 24 million to support the Lebanese enterprises, particularly Glasspack projects.
Fransabank, in cooperation with Vitas, held a donation ceremony in which $10,000 were granted to micro businesses, selected according to their performance, sustainability, growth and return on various levels.
Mr. Gregory CLEMENTE, CEO of PROPARCO, and Mr. Adel KASSAR, Deputy-Chairman, General Manager of Fransabank Group, signed a USD 18 million Credit Line to support Lebanese companies facing exceptional difficulties in meeting their financial commitments.