BMCE Bank - GCF GEFF - Energy Efficiency

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 50620

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 50620

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

18 Dec 2018

Disclosure date

12 Nov 2018

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

A loan of up to EUR 10 million to BMCE Bank to on-lend to private sector borrowers for sustainable energy investments.

Project Objectives

Provision of a loan of up to EUR 10 million to Banque Marocaine de Commerce Exterieur ("BMCE") to on-lend to private sector borrowers (including SMEs) for sustainable energy investments.

Transition Impact

The transition impact of the project is expected to derive from promoting the expansion of energy efficiency and renewable energy lending in Morocco. It will have positive demonstration effects particularly with respect to utilising financial intermediaries, for energy efficiency investments.

The project will demonstrate the benefits of rational energy utilization through improved industrial competitiveness in light of rising energy costs.

Client Information

BMCE BANK OF AFRICA SA
Banque Marocaine de Commerce Exterieur

BMCE Bank is the 3rd largest bank in Morocco with total consolidated assets of EUR 27 billion as of June 2018.

EBRD Finance Summary

EUR 10 000 000

Loan of EUR 10 million equivalents in local currency.

Total Project Cost

EUR 10 000 000

Up to EUR 10 million.

Environmental and Social Summary

Categorised FI (ESP 2014). BMCE Bank will be required to comply with PRs 2, 4 & 9, and further, implement and comply with the relevant EBRD's Environmental & Social (E&S) Procedures. Beneficiaries financed through the Facility will be required to comply with national requirements for environment, health and safety and labour standards and the eligibility criteria for energy efficiency ("EE") and renewable energy ("RE") projects. This will be confirmed to BMCE Bank by a Project Consultant engaged by the EBRD to assess project eligibility.

Technical Cooperation

TC funds of up to EUR 150k for internal capacity building of BMCE and technical assistance to subborrowers.

Company Contact Information

https://www.bmcebank.ma/
140 Avenue Hassan II Casablanca, Morocco

Transition impact

ETI Score:65

PSD last updated

03 Dec 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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