Morocco: Bank of Morocco seeks $54.6 million from ERB to finance local SMEs

Morocco: Bank of Morocco seeks $54.6 million from ERB to finance local SMEs

Morocco: Bank of Morocco seeks $54.6 million from ERB to finance local SMEs

After securing €13 million in financing from the EBRD last November, Moroccan banking group BOA is once more reaching out to the European lender for more support.

The Bank of Africa (BOA) group is seeking €50 million ($54.6 million) from the European Bank for Reconstruction and Development (EBRD). The Morrocan group says it will use the financing to support SMEs in Morocco.

For more information, please see https://www.ecofinagency.com/finance/1205-44523-morocco-bank-of-morocco-seeks-50-million-from-erb-to-finance-local-smes

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