Project detail - BANQUE MAROCAINE DU COMMERCE EXTERI

BANQUE MAROCAINE DU COMMERCE EXTERI

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Who is our client

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.

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 we fund this project

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
11/15/2016 EUR 10.00 MLN
Region
Africa
Country
Morocco
Sector
Financial Institutions
Signing date
12/11/2017
Total FMO financing
EUR 0.11 MLN
Fund
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