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
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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