Translated version of this PSD: French
Project Description
The EBRD has invested USD 60 million in a USD 300 million debut senior unsecured Eurobond by Banque Marocaine du Commerce Extérieur (“BMCE”). BMCE shall increase the aggregate size of its Loan Portfolio to Micro, Small and Medium-sized Enterprises (“MSMEs”) in Morocco by more than an equivalent amount.
Transition Impact
The investment will increase access to funding for Moroccan MSMEs, and supported a debut bond issue by a Moroccan bank.
The Client
BMCE, incorporated as a public joint stock company under the laws of Morocco, is one of the largest Moroccan banks by assets.
EBRD Finance
USD 60 million investment in the 5-year senior unsecured bond issue.
Project Cost
USD 60 million.
Environmental Impact
Categorised FI: BMCE has capacity to implement the EBRD's E&S requirements in compliance with Performance Requirements 2 and 9. BMCE will submit Annual Environmental and Social Reports to the EBRD.
Technical Cooperation
None.
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)
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Text of the PIP