Provision of up to USD 100 million loan to Banque Centrale Populaire ("BCP") to on-lend to eligible sub-borrowers experiencing a decrease in their activity, turnover and profitability incurred by the COVID-19 crisis.
Provision of up to USD 100 million loan to BCP to on-lend to eligible sub-borrowers.
ETI score: 70
The project will promote a resilient financial sector and preserve competition in the sector in the context of the COVID-19 pandemic outbreak.
BANQUE CENTRALE POPULAIRE DU MAROC
BCP is the second largest bank in Morocco in terms of lending with a market share of 24% and operates an extensive branch network throughout Morocco with around 1,500 branches.
EBRD Finance Summary
Loan of USD 100 million
Total Project Cost
Loan of USD 100 million
Crisis response allowing BCP to answer the liquidity needs of corporates and SMEs experiencing a decrease in their activity, turnover and profitability, leading to payment delays.
Environmental and Social Summary
Categorised FI (ESP 2019): BCP is an existing client and is in compliance with EBRD's Performance Requirements (PRs) 2, 4 and 9 as confirmed via their annual reporting. The client will be required to continue to comply with the PRs and continue to implement the applicable EBRD's E&S Risk Management Procedures for Micro, SME and Corporate Lending and submit Annual Environmental and Social Reports to the Bank.
BCP's Environmental and Social Management System is considered generally adequate and the client will be required to update his E&S risk management
Technical Cooperation and Grant Financing
Company Contact Information
Mr Abdelkrim Mir
Banque Centrale Populaire 101, Bd. Mohamed Zerktouni 20 100 Casablanca
PSD last updated
22 Jul 2020
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Independent Project Accountability Mechanism (IPAM)
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