SGMB - SME Loan

Location:

Morocco

Project number:

43956

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

18 Sep 2012

Status:

Complete

PSD disclosed:

13 Aug 2012

Translated version of this PSD: French

Project Description

The EBRD is considering the provision to Société Générale Marocaine de Banques (“SGMB”) of a senior loan of €20 million to on-lend to micro, small and medium-sized enterprises (MSMEs) in Morocco.

Transition Impact

The loan will increase the access to funding of Moroccan MSMEs, provide a transfer of skills to selected m-icro and small enterprise clients through workshops and potentially increase competition in the Moroccan banking sector in the MSME segment.

The Client

Société Générale Marocaine de Banques.

EBRD Finance

Senior loan of €20 million.

Project Cost

€20 million to be provided in euros.

Environmental Impact

Categorised FI: SGMB will be required to comply with EBRD’s PRs 2& 9, adhere to the EBRD’s Environmental and Social Exclusion and Referral Lists and implement the EBRD’s Environmental and Social Procedures for Corporate Lending. SGMB will submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation

Workshops will help selected micro and small enterprises improve their understanding of bank services, the quality of their loan applications, and their financial and management skills. This training will be provided by EBRD’s Small Business Services department.

Company Contact

Thomas Girod, Principal Banker, Financial Institutions Group, EBRD – girodt@ebrd.com

 

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.