Overview

China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs

Commitments (Constant USD, 2023)$102,555,318

Commitment Year•2014Country of Activity•MoroccoDirect Recipient Country of Incorporation•MoroccoSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 28, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Attijariwafa Bank

Loan description

China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 28, 2014, China Development Bank (CDB) reportedly issued a $100 million line of credit to Attijariwafa Bank — a multinational commercial bank in Morocco — for on-lending to small- and medium-sized enterprises in Morocco. It is not known if any drawdowns took place under this line of credit.

Staff comments

1. The largest shareholder (47.77% ownership stake) in Attijariwafa Bank is Société Nationale d'Investissement (SNI or Al Mada), which is a large private Moroccan holding company mainly owned by the Moroccan royal family. 2. The sector code variable has been coded as '320 - Industry, Mining, Construction' based on the definition of the CRS Code 32130.