- EBRD, EU, GCF and Canada provide, throughthe EBRD’s HIPCA, up to €55 million in green financing to SAHAM Bank
- SAHAM Bank to benefit from a comprehensive GEFF Plus package to support small, mid-size and larger companies in their green transition, climate mitigation and climate adaptation
- This is EBRD’s fourth partnership with SAHAM Bank
The European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), the Green Climate Fund (GCF) and Canada through the EBRD’s High-Impact Partnership on Climate Action (HIPCA),* is extending up to €55 million in green financing to SAHAM Bank.
Provided as part of the EU-backed Morocco Decarbonisation and Climate Resilience programme, the financing package includes €6.25 million from the GCF and €2.4 million from Canada to support small, mid-sized and larger companies’ green projects.
SAHAM Bank will benefit from a comprehensive Green Economy Financing Facility (GEFF) Plus package. It is the EBRD’s fourth partnership with SAHAM Bank with a view to accelerating Morocco’s continued green transition and promoting inclusion and sustainable investment across the country.
The funds will be channelled, by SAHAM Bank, through sub-loans to Moroccan small and medium-sized enterprises (SMEs), mid-caps and larger firms, enabling them to invest in advanced climate technologies and sustainable business practices. This dual financing structure ensures that both small-scale and mid-sized green investments receive tailored financial support.
In addition, SAHAM Bank will benefit from atechnical assistance programme and investment incentives funded by the EU and the GCF. These resources will ensure that the funds are effectively deployed in order to maximise the impact of the green financing initiative.
The Green partnership between Morocco and the EU prioritises the energy transition, climate resilience and decarbonisation, assisting SMEs with innovative technologies for sustainable economic growth.
Operating in Morocco since 1913, SAHAM Bank is a major participant in the development of the Moroccan economy.
Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested almost €5.4 billion there through 113 projects.
*Active donors to the HIPCA include Austria, Canada, Finland, Germany, the Netherlands, Norway, South Korea, Spain, Switzerland, TaiwanICDF (International Cooperation and Development Fund), the United Kingdom and the United States of America.
