BCP medium-term MSME credit line

Location:

Morocco

Project number:

46278

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

01 Oct 2014

Status:

Repaying

PSD disclosed:

15 Aug 2014

Translated version of this PSD: French

Project Description

The EBRD is considering providing a loan to Banque Centrale Populaire for an amount of up to €100 million. The operation will enable Banque Centrale Populaire, as well as the related ten regional popular banks, to increase their lending to micro, small, and medium-sized entreprises (“MSMEs”) operating in Morocco

Transition Impact

The transition impact of the project is expected to derive from market expansion by providing funding to MSMEs. With its extensive network, built around the 10 Banques Populaires Regionales, BCP has a unique capacity to reach MSMEs in the Moroccan regions

The Client

Banque Centrale Populaire (BCP). BCP is the central entity of the Moroccan mutual banking group Groupe Banque Centrale Populaire (“GBCP”). GBCP is composed of BCP, 10 regional mutual banks and a number of subsidiaries.

EBRD Finance

Senior loan of €100 million.

Project Cost

€100 million to be provided in EUR.

Environmental Impact

Categorised FI. Banque Centrale Populaire (BCP) 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

None.

Company Contact

Walid Fayad

Principal Banker

Financial Institutions Group

EBRD

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.