Completed Development AidData Chinese Aid

CDB provides $50 million loan to BMCE Bank for on-lending to SMEs

$50M USD

Funder	China Development Bank (CDB)
Recipient Organization	BMCE Bank of Africa
Country	Morocco
Start Date	Nov 07, 2011
End Date	Jul 15, 2033
Duration	7,921 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55967`

Grant Description

CDB provides $50 million loan to BMCE Bank for on-lending to SMEs On April 21, 2011, China Development Bank (CDB) and the Moroccan Bank of Foreign Commerce (BMCE Bank or 摩洛哥外贸银行 or البنك المغربي للتجارة الخارجية‎) — a privately owned commercial bank — signed a Memorandum of Understanding (MoU) for the financing of small- and medium-sized enterprises (SMEs) in Morocco.

Then, on November 7, 2011, the parties signed a $50 million loan agreement — with a 5-year maturity — to facilitate on-lending to SMEs (captured in Record ID#55967). By May 2012, the CDB loan had fully disbursed and supported 51 Moroccan SMEs. Then on May 17, 2012, CDB issued a second loan to BMCE Bank (captured in Record ID#85298).

📋 Loan / Grant Terms

💰 Loan Amountare unknown

📋 Staff Comments

The Chinese project title is 摩洛哥外贸银行转贷项目.
The sector code variable has been coded as ‘320 - Industry, Mining, and Construction’ based on the description of CRS Code 32130.

📚 Sources & References

Memorandum of understanding between AMDI & the China Development Bank, http://www.invest.gov.ma/?Id=39&lang=en&RefCat=5&Ref=236
国家开发银行完成对摩洛哥外贸银行5000万美元非洲中小企业专项贷款发放_中非友好经贸发展基金会
国家开发银行代表团访问摩洛哥
La BMCE Bank et la China Development Bank renforcent leur coopération en faveur de la PME, https://ddd.uab.cat/pub/infanu/46973/iaBMCEBANKa2011ifre.pdf
Shareholding Structure _ BANK OF AFRICA
我开发银行与摩洛哥外贸银行签署5000万美元中小企业发展专项贷款协议_滚动新闻_新浪财经_新浪网
Chronologie des accords de coopération signés entre le Maroc et la Chine 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

BMCE Bank of Africa

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant