BANQUE MAROCAINE DU COMMERCE EXTERI
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Established in 1959, Banque Marocaine du Commerce Exterieur (‘BMCE’) is Morocco’s 3rd largest bank by total assets. BMCE has established a reputation as a leader in the Moroccan banking sector and is known for its pioneering initiatives in the field of sustainable banking and green finance.
What is our funding objective?
The objective of this project is to provide a TA package of end-to-end support to BMCE in developing a sustainable, profitable, and successful line of waste management projects.
Why do we fund this investment?
The project will help develop a profitable, professional Moroccan waste management sector, which will contribute to environmental, societal, and economic benefits including decreased pollution from dumpsites, avoided GHG emissions, and an increase in formally recognized jobs.
More investments
| Date | Total FMO financing |
|---|---|
| 12/29/2020 | EUR 10.00 MLN |
- Region
- Africa
- Country
- Morocco
- Sector
- Financial Institutions
- Effective date
- 12/11/2017
- End date
- 10/27/2021
- Total FMO financing
- EUR 0.11 MLN
- Funding
- ForeignAffairs - CD
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A