Active Development AidData Chinese Aid

China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs

$100M USD

Funder	China Development Bank (CDB)
Recipient Organization	Attijariwafa Bank
Country	Morocco
Start Date	Nov 28, 2014
End Date	Jan 05, 2027
Duration	4,421 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36152`

Grant Description

China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs On November 28, 2014, China Development Bank (CDB) reportedly issued a $100 million line of credit to Attijariwafa Bank — a multinational commercial bank in Morocco — for on-lending to small- and medium-sized enterprises in Morocco.

It is not known if any drawdowns took place under this line of credit.

📋 Staff Comments

The largest shareholder (47.77% ownership stake) in Attijariwafa Bank is Société Nationale d'Investissement (SNI or Al Mada), which is a large private Moroccan holding company mainly owned by the Moroccan royal family.
The sector code variable has been coded as '320 - Industry, Mining, Construction' based on the definition of the CRS Code 32130.

📚 Sources & References

China,Morocco : CHINA DEVELOPMENT BANK loans $100 million to ATTIJARIWAFA BANK
China Development Bank Loans $100 Million to Attijariwafa Bank to Promote Moroccan SMEs
Maroc-Chine _ les banques en première ligne – Jeune Afrique
Attijariwafa Bank - Wikipedia
Attijariwafa Bank 2014 Annual Report, 2014 & 2015 China Information Sheet Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Attijariwafa Bank

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