China Development Bank provides $100 million line of credit to Attijariwafa Bank for on-lending to SMEs
Commitment amount
$ 110709523.14084883
Adjusted commitment amount
$ 110709523.14
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Morocco
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
2
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Attijariwafa Bank [State-owned Bank]