SGMB - SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43956

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 43956

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

18 Sep 2012

Disclosure date

13 Aug 2012

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: French

Project Description

The EBRD is considering the provision to Société Générale Marocaine de Banques (“SGMB”) of a senior loan of €20 million to on-lend to micro, small and medium-sized enterprises (MSMEs) in Morocco.

Transition Impact

The loan will increase the access to funding of Moroccan MSMEs, provide a transfer of skills to selected m-icro and small enterprise clients through workshops and potentially increase competition in the Moroccan banking sector in the MSME segment.

The Client

Société Générale Marocaine de Banques.

EBRD Finance

Senior loan of €20 million.

Project Cost

€20 million to be provided in euros.

Environmental Impact

Categorised FI: SGMB will be required to comply with EBRD’s PRs 2& 9, adhere to the EBRD’s Environmental and Social Exclusion and Referral Lists and implement the EBRD’s Environmental and Social Procedures for Corporate Lending. SGMB will submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation

Workshops will help selected micro and small enterprises improve their understanding of bank services, the quality of their loan applications, and their financial and management skills. This training will be provided by EBRD’s Small Business Services department.

Company Contact

Thomas Girod, Principal Banker, Financial Institutions Group, EBRD – girodt@ebrd.com

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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