Supporting green investments by Moroccan companies and supporting their ecological and energy transition, this is the desired objective by Crédit Immobilier et Hôtelier (CIH BANK) and the European Bank for Reconstruction and Development (BERD) which has just sealed an agreement.
CIH BANK and the EBRD signed on September 27, an agreement for a financing line of 25 million euros, i.e. over 262 million dirhams, as part of the GEFF program (Morocco Green Economy Financing Facility ), in order to support the green investments of Moroccan companies and support their ecological and energy transition.
Initialed by Lotfi Sekkat, CEO of CIH BANK, and Antoine Sallé de Chou, Director for Morocco within the EBRD, in the presence of their respective teams, this project co-financed by the Green Climate Fund to the tune of 6 .25 million euros, is intended to support Moroccan companies in the implementation of energy efficiency measures, renewable energies, sustainable management of water and waste or energy renovation of commercial buildings.
The implementation of this program will allow Moroccan companies to improve their competitiveness and more easily access export markets, in accordance with the CSR requirements of international customers .
Through this line, companies will be able to benefit from advantageous conditions, free technical assistance to support them in the deployment of their project as well as a subsidy to investment ranging from 10 to 15% of the value of the loan, both financed by the European Union, in addition to the funding granted.
The CSR policy implemented by CIH BANK is part of this same desire to be a responsible economic player and committed to its n economic and social environment. This partnership complements the CSR actions implemented by the Bank, particularly in the area of sustainable development.
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