FIF - BCP Industrial SME credit line

Location:

Morocco

Project number:

47982

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

09 Dec 2015

Status:

Repaying

PSD disclosed:

12 Nov 2015

Translated version of this PSD: French

Project Description

The EBRD is providing a loan to Banque Centrale Populaire for an amount of up to €100 million. The operation will enable Banque Centrale Populaire (BCP), as well as the related ten regional mutual banks and Chaabi International Bank Offshore, to increase their lending to industrial small and medium-sized entreprises (SMEs) operating in Morocco.

Project Objectives

The objetive of this project is to provide BCP with long-term funding, which will be instrumental in increasing the lending to industrial SMEs.

Transition Impact

The transition impact of the project is expected to derive from market expansion, by providing funding to SMEs, as well as transfer of skills, by offering technical cooperation to BCP. With its extensive network, built around ten regional mutual banks and Chaabi International Bank Offshore, BCP has a unique capacity to reach out to industrial SMEs in the Moroccan regions.

Client Information

BANQUE CENTRALE POPULAIRE DU MAROC

BCP is the central entity of the Moroccan mutual banking group Groupe Banque Centrale Populaire (GBP). GBP is composed of BCP, 10 regional mutual banks, as well as a number of subsidiaries and foundations.

EBRD Finance Summary

€ 100,000,000.00

Total Project Cost

€ 100,000,000.00

Environmental and Social Summary

Categorised FI. Banque Centrale Populaire 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

The facility will be accompanied by Technical Cooperation funded by the SEMED multi-donor account in the amount of EUR 200,000, and which will be aimed at strengthening the institutional capacity of BCP in the area of credit risk management for SME lending, and at delivering training to BCP's SME loan officers.

The loan will also be complemented by the Small Business Services (SBS) Team's on-going programme in Morocco, which is currently funded by both the EU Neighbourhood Investment Facility (NIF) and the SEMED multi-donor account, with support from the EBRD Special Shareholders Fund, and which provides business advisory services to SMEs in areas such as management, strategy or quality standards to improve enterprise performance.

Company Contact Information

Walid Fayad
fayadw@ebrd.com
www.ebrd.com
EBRD One Exchange Square London EC2A 2JN United Kingdom

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