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Business Wire
18-07-2025
- Business
- Business Wire
SAHAM BANK Secures €55 Million From EBRD to Boost Green Finance in Morocco
CASABLANCA, Morocco--(BUSINESS WIRE)--SAHAM BANK has reaffirmed its commitment to green finance through a strategic partnership with the European Bank for Reconstruction and Development (EBRD), under the newly launched Green Economy Financing Facility Plus (GEFF Plus). Supported by the Green Climate Fund (GCF), the European Union (EU), and the Government of Canada (through the HIPCA fund), the initiative will mobilize €55 million in funding for SAHAM BANK. This financing will be channeled into two dedicated credit lines aimed at accelerating the green transition of Morocco's private sector. In addition to financial support, the partnership includes technical assistance funded by the EU and GCF, as part of Morocco's Decarbonisation and Climate Resilience Programme. This support will help strengthen SAHAM BANK's internal capabilities in green finance and develop banking products aligned with environmental challenges. This collaboration represents a significant milestone in SAHAM BANK's sustainable development strategy. It underscores the bank's long-term vision to foster a responsible banking model, focused on green growth and sustainable value creation for the Moroccan economy. This operation illustrates the transformation dynamic initiated by the bank following its change of ownership. Its trajectory is guided by the vision of SAHAM GROUP, chaired by Moulay Hafid Elalamy, who is also Chairman of the supervisory Board of SAHAM BANK. A prominent Moroccan economic player, combining strong local roots with an international outlook, SAHAM GROUP currently operates in high-potential sectors such as finance, customer experience, education, agriculture, and real estate. About Saham Bank Founded in 1913, Saham Bank — formerly Société Générale Marocaine de Banques (SGMB) — is one of Morocco's oldest and most respected banking institutions. Over the past century, it has played a central role in the country's economic development. Saham Bank serves a diverse clientele, including individuals, professionals, and businesses, offering a comprehensive range of financial products and services tailored to their needs. The bank remains committed to innovation, service quality, and sustainable development, while continuing to strengthen its position as a key player in the Moroccan banking sector.
Ya Biladi
18-07-2025
- Business
- Ya Biladi
Saham Bank secures €55 million from EBRD to boost green economy in Morocco
Saham Bank has secured €55 million (578 million dirhams) from the European Bank for Reconstruction and Development (EBRD) through a strategic partnership aimed at promoting green economy initiatives in Morocco. The funding falls under the new GEFF Plus (Green Economy Financing Facility) program. The €55 million package, supported by the Green Climate Fund (GCF), the European Union, and the Canadian government via the HIPCA fund, will establish two dedicated credit lines to finance private Moroccan projects focused on energy transition and sustainable development, reads a press release by Saham Bank on Friday. Technical assistance funded by the EU and GCF will accompany the financing and is integrated into Morocco's Decarbonization and Climate Resilience Program. This support aims to strengthen Saham Bank's internal capacities in green finance and help develop climate-aligned financial products. This partnership marks a key milestone in the bank's sustainability strategy since its ownership transition. Originally established in 1913 as a subsidiary of France's Société Générale, the bank was acquired by Morocco's Saham Group in April 2024 and officially rebranded as Saham Bank in June 2025.
Morocco World
16-05-2025
- Business
- Morocco World
EBRD Boosts Green Finance in Morocco with €70M Loan to Bank of Africa
Doha – The European Bank for Reconstruction and Development (EBRD) has partnered with multiple international organizations to provide a €70 million loan to Bank of Africa (BOA), aimed at promoting green lending in Morocco's private sector. The bank announced the financing package on Thursday, noting that it combines resources from the EBRD, Green Climate Fund (GCF), European Union (EU), and Canada through the EBRD's High-Impact Partnership on Climate Action (HIPCA). The funding will be split between a €35 million senior unsecured loan from GCF and another €35 million co-financed by HIPCA. This initiative falls under the EU-backed Morocco Decarbonisation and Climate Resilience Programme (GEFF+). BOA will use these funds to extend green loans to Moroccan private-sector companies, including micro, small, and medium-sized enterprises seeking to invest in climate change mitigation and adaptation technologies. The loan comes with a comprehensive technical cooperation package worth €6 million. The EU will provide €2.38 million in investment grants, while GCF will contribute the remaining €3.62 million. This support will help BOA develop its green lending practices and encourage private companies to invest in low-carbon technologies. The technical cooperation will also promote equal opportunities and women's access to climate finance. It includes training for BOA branch staff in gender-responsive green finance, capacity-building, and awareness-raising sessions to accelerate investments in sustainable energy across Morocco's private sector. Bank of Africa, the third-largest bank in Morocco, is listed on the Casablanca Stock Exchange with presence in 32 countries across Africa, Europe, Asia, and North America. It has been a key EBRD partner in green finance, with €113 million in green loans already extended through this cooperation. This financing initiative is part of a broader push by EBRD in Morocco this month. On May 6, BMCI became the first Moroccan bank to receive a comprehensive €65 million Green Economy Financing Facility (GEFF) Plus package from EBRD and partners, marking their fifth partnership. Other recent EBRD investments in the North African country include a $25 million equity investment in Dislog Group, disclosed on May 9, to strengthen the company's capital structure and advance its mergers and acquisitions strategy. Additionally, on May 13, Aya Gold & Silver secured a $25 million EBRD loan to develop its Boumadine polymetallic project. Morocco, a founding member of the EBRD, became one of the Bank's countries of operation in 2012. To date, the EBRD has invested €5.4 billion in Morocco through 117 projects.
Ya Biladi
15-05-2025
- Business
- Ya Biladi
EBRD backs Bank of Africa with €70m to boost climate finance in Morocco
The European Bank for Reconstruction and Development (EBRD) is joining forces with the Green Climate Fund (GCF), the European Union, and Canada to support green finance in Morocco. Through its High-Impact Partnership on Climate Action (HIPCA), the EBRD is extending a €70 million loan to the Bank of Africa (BOA) under the Morocco Decarbonisation and Climate Resilience programme (GEFF+), EBRD announced on Thursday. The package includes two senior unsecured loans of €35 million each, one from the GCF and the other co-financed by HIPCA. It aims to support Moroccan private companies, including MSMEs, in investing in climate adaptation and mitigation technologies. A €6 million technical cooperation package will accompany the financing, with the EU and GCF contributing €2.38 million and €3.62 million respectively. It will help BOA strengthen green lending practices, train staff on gender-responsive climate finance, and promote equal access for women. «This facility will expand and accelerate investments in sustainable energy», said the EBRD, noting BOA's pivotal role in green finance, with €113 million in green loans already disbursed.
Morocco World
06-05-2025
- Business
- Morocco World
EBRD and Partners Provide €65 Million Green Financing to BMCI
Doha – The European Bank for Reconstruction and Development (EBRD), along with the European Union (EU), the Green Climate Fund (GCF), and Canada, is extending a €65 million green financing package to Banque marocaine pour le commerce et l'industrie (BMCI). The funding comes through the EBRD's High-Impact Partnership on Climate Action (HIPCA) and is part of the EU-backed Morocco Decarbonisation and Climate Resilience program. BMCI is set to become the first bank in Morocco to receive this comprehensive Green Economy Financing Facility (GEFF) Plus package, marking the EBRD's fifth partnership with the institution. The collaboration aims to accelerate Morocco's green transition and promote sustainable investment across the country. The financing includes €1.75 million from the GCF and €2.4 million from Canada to support climate projects of small, medium-sized, and larger companies. BMCI will distribute these funds through sub-loans to Moroccan businesses, enabling them to invest in advanced climate technologies and sustainable business practices. In addition to the financial support, BMCI will benefit from a technical assistance programme and investment incentives funded by the EU and GCF. These resources will help the bank effectively deploy the funds and maximize the impact of the green initiative. The dual financing structure consists of two distinct loans. The first is a €35 million credit line, which includes the €1.75 million GCF contribution, targeting small and medium enterprises for climate mitigation and adaptation investments. Read also: Morocco Is a 'Major Investment Destination' for EBRD, Says President Renaud-Basso The second loan of €30 million, with €2.4 million from Canada through HIPCA, supports medium-sized climate investments by private Moroccan companies. Target sectors include small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments focusing on water efficiency, sustainable land management, digitization, and blue economy investments. According to the EBRD, BMCI, which has been operating in Morocco since 1943, is positioning itself as a key banking-sector ally in environmental protection, offering 'green packages' with advantageous terms for financing ecological equipment and work. The Green Partnership between Morocco and the EU prioritizes energy transition, climate resilience, and decarbonization to foster sustainable economic growth. Since Morocco became an EBRD investee economy in 2012, the bank has invested almost €5.4 billion in the country through 113 projects. Tags: BMCIEBRDgreen finance
