Provision of up to EUR 100 million loan to Bank of Africa -BMCE Group 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 EUR 100 million loan to Bank of Africa i BMCE group ("BOA i BMCE group") 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.
BMCE BANK SA
Bank of Africa - BMCE group is the 3rd largest bank in Morocco.
EBRD Finance Summary
Loan of EUR 100 million
Total Project Cost
Loan of EUR 100 million
Crisis response allowing Bank of Africa - BMCE group 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). BOA 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. The Client's E&S performance will be monitored through the annual review of the Sustainability Index report.
Technical Cooperation and Grant Financing
Company Contact Information
140 Avenue Hassan II Casablanca, Morocco
PSD last updated
20 Apr 2020
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Independent Project Accountability Mechanism (IPAM)
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