Morocco - "Groupe Banque Centrale Populaire"

The proposed operation concerns a credit line of €100 million for the Banque centrale populaire du Maroc (BCP). BCP is a leading Moroccan banking group, a true continental player in private sector financing. The group is present in sub-Saharan Africa through its subsidiary Banque Atlantique. This facility will enable BCP to strengthen its corporate finance activities in the agriculture, education, health and infrastructure sectors in West Africa, mainly in Côte d'Ivoire, Guinea, Mali and Senegal. The line of credit will make a concrete contribution to improving the economic competitiveness of the countries concerned, generating public and export revenues and creating employment opportunities, particularly in labour-intensive sectors such as agriculture. The operation is fully in line with the Bank's key policies and strategies. Aligned with the Bank's 10-year Strategy and Financial Sector Development Policy and Strategy 2014-2019, it addresses two of its five key priorities, Feed Africa and Industrialize Africa. It also promotes regional integration and the development of trade.