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  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • Donec tellus enim, fermentum et sollicitudin
  • 230 disbursed credits for €100 million; 30 in progress for €10 million - March 2019
  • Avoided emissions of 102,725 TCO2e/year and primary energy savings of 354,000 MWh/year - March 2019
  • 10% incentive back after completion of the sustainable energy investment
  • Free technical assistance to assess the project
  • Modernise your industry, increase your profitability and competitiveness
  • Building retrofit with energy efficiency measures, reduced costs and better image

Moroccan bank BCP get EUR-20-million credit line from MorSEFF

Wednesday, 13 January 2016 10:22

January 22 (SeeNews) - Moroccan banking group  Banque Populaire  has joined the Morocco Sustainable Energy Financing Facility (MorSEFF) with EUR 20 million (USD 21.7m).

After Banque Marocaine du Commerce Extérieur (BMCE), this the second Moroccan bank that joins the facility, launched by the European Bank for Reconstruction and Development (EBRD), in cooperation with the French Agency for Development, European Investment Bank, and KfW Development Bank.

Through MorSEFF local partner financial institutions in Morocco get access to credit lines to then on-lend to their clients. In the case of MorSEFF,  the clients -- small business and corporate borrower, can use the financing to invest in energy efficiency and renewable energy equipment.

MorSEF can mobilise up to EUR 80 million for banks in Morocco.

BMCE bank was the first financial institution which joined the facility with a EUR 20 million credit line in March last year.

(EUR 1 = USD 1.084)

See more at : http://renewables.seenews.com/news/moroccan-bank-bcp-get-eur-20-million-credit-line-from-morseff-510108

What is MorSEFF video

Small Scale Financing

Fast-track loan or lease of up to 3 000 000 DH + vast choice of automatically qualified equipment on LEME database + 10% cash-back incentive after installation

 

Larger/More Complex Investment Financing

Loan up to 50 000 000 DH / Lease up to 10 000 000 DH + free technical assistance through implementation + 10% incentive post-verification

SEMED Multidonor Fund (This Fund is supported by Australia, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden, Taipei China and the United Kingdom)

 

Participating Banks



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