BCP medium-term MSME credit line

Location:

Morocco

Project number:

46278

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval 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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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