The SANAD Fund for MSME Joins Forces with EBRD and DFIs to provide US$ 135 million subordinated loan to Capital Bank of Jordan

Luxembourg October 28th, 2025 –A The SANAD Fund for MSME, The European Bank for Reconstruction and Development (EBRD), the OPEC fund along with a consortium of international institutions are together providing up to US$ 135 million Basel III compliant subordinated loan to Capital Bank, one of the leading private banks in Jordan.  

SANAD along with a consortium of international institutions are co-investing in subordinated debt financing. Towards this effort, SANAD is providing US$ 15 million and US$ 25 million is provided by the Green for Growth Fund (GGF), both advised by Finance in Motion. In addition, up to US$ 25 million will be provided through the OPEC Fund and up to US$ 25 million through the Arab Fund for Economic and Social Development (Arab Fund).  

This investment will strengthen Capital Bank’s Tier II capital and will enhance its lending capacity to Jordanian micro, small and medium sized enterprises (MSMEs). The loan will enable lending for SMEs a vital segment for the Jordanian economy, contributing to the country’s employment creation endeavors and Central Bank of Jordan’s inclusion strategy for the financial sector.  In addition, SANAD will provide advisory and capacity building services to help further strengthen Capital Bank’s capacity to design and deliver innovative financial products for SMEs.

“I am proud to announce this strategic investment in Capital Bank Jordan, marking the beginning of a strong and forward-looking partnership,” said SANAD Board Chair, Sandra Rohleder. “This subordinated loan reflects SANAD’s unwavering commitment to the country with over USD 200 million invested in Jordan since the inception of the fund, supporting small and medium-sized enterprises (SMEs) - an essential engine of economic growth and innovation. By joining forces with Capital Bank, we aim to foster inclusive financial services that empower entrepreneurs and strengthen the resilience of the SME sector.”

Mark Davis, EBRD Managing Director for the SEMED region, said: “This is a clear demonstration of how international financial institutions are deepening their collaboration to drive economic growth and accelerate the expansion of green finance. We are proud to have played a leading role in this consortium and to have pioneered the A/B loan structure in Jordan.”  

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About SANAD
The SANAD Fund for MSME finances micro, small, and medium enterprises and low-income households in the Middle East and North Africa and selected countries in sub-Saharan Africa via qualified local lenders. SANAD thereby fosters economic development and job creation – including youth employment – agriculture, affordable housing, and innovations in finance and financial technologies. SANAD strives to meet these goals by providing debt and equity financing to its local partners. The SANAD Technical Assistance Facility multiplies the fund’s development impact and outreach through capacity-building with partner institutions, developing financial infrastructures according to the principles of responsible finance and conducting much required R&D.  

An impact investment fund advised by Finance in Motion, SANAD’s investors include the KfW Development Bank, which initiated the fund; the German Federal Ministry for Economic Cooperation and Development (BMZ); the European Union; Switzerland’s State Secretariat for Economic Affairs (SECO); OeEB, the Development Bank of Austria; Germany’s GLS Bank and GLS Treuhand; the Dutch development bank FMO; and Calvert Impact Capital.  

About Finance in Motion
Finance in Motion structures, manages, and advises almost €4 billion across 10 funds, all classified as Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to CEE, it has been investing in emerging markets for over 20 years. www.finance-in-motion.com