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Moroccan bank Citibank and OPIC signed memo of Understanding for support

October 12, 2019

first_imgRabat – Moroccan bank “Attijariwafa Bank” has signed with two US institutions, Citibank and the Overseas Private Investment Corporation (OPIC) a memorandum of understanding to support loans to small and medium-sized enterprises in Morocco and some sub-Saharan countries where Attijariwafa Bank has affiliates.The agreement provides for increasing to 100 million USD an ongoing credit line.Last July, Attijariwafa Bank had conluded with Citibank a 40 million USD mid-term loaning conventions, supported by a risk-sharing agreement between Citibank and OPIC, to support Moroccans SME’s access to funds.last_img

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