FIF - BCP Industrial SME credit line

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47982

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 47982

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Dec 2015

Disclosure date

12 Nov 2015

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 providing a loan to Banque Centrale Populaire for an amount of up to €100 million. The operation will enable Banque Centrale Populaire (BCP), as well as the related ten regional mutual banks and Chaabi International Bank Offshore, to increase their lending to industrial small and medium-sized entreprises (SMEs) operating in Morocco.

Project Objectives

The objetive of this project is to provide BCP with long-term funding, which will be instrumental in increasing the lending to industrial SMEs.

Transition Impact

The transition impact of the project is expected to derive from market expansion, by providing funding to SMEs, as well as transfer of skills, by offering technical cooperation to BCP. With its extensive network, built around ten regional mutual banks and Chaabi International Bank Offshore, BCP has a unique capacity to reach out to industrial SMEs in the Moroccan regions.

Client Information

BANQUE CENTRALE POPULAIRE DU MAROC

BCP is the central entity of the Moroccan mutual banking group Groupe Banque Centrale Populaire (GBP). GBP is composed of BCP, 10 regional mutual banks, as well as a number of subsidiaries and foundations.

EBRD Finance Summary

€ 100,000,000.00

Total Project Cost

€ 100,000,000.00

Environmental and Social Summary

Categorised FI. Banque Centrale Populaire will be required to comply with the EBRD's Performance Requirements 2 and 9 and submit annual environmental and social reports to the EBRD.

Technical Cooperation

The facility will be accompanied by Technical Cooperation funded by the SEMED multi-donor account in the amount of EUR 200,000, and which will be aimed at strengthening the institutional capacity of BCP in the area of credit risk management for SME lending, and at delivering training to BCP's SME loan officers.

The loan will also be complemented by the Small Business Services (SBS) Team's on-going programme in Morocco, which is currently funded by both the EU Neighbourhood Investment Facility (NIF) and the SEMED multi-donor account, with support from the EBRD Special Shareholders Fund, and which provides business advisory services to SMEs in areas such as management, strategy or quality standards to improve enterprise performance.

Company Contact Information

Walid Fayad
fayadw@ebrd.com
www.ebrd.com
EBRD One Exchange Square London EC2A 2JN United Kingdom

Transition impact

ETI Score:60

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

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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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