African Development Bank approves €100m Risk Participation Agreement with Attijariwafa bank to promote African trade.
This agreement, the second of its kind with Attijariwafa bank, comes amid toughening regulatory capital and compliance standards on the continent. This has led international banks to reduce their commitment levels and the number of their correspondents in Africa, partly due to perceived high African risk.
This agreement will allow Attijariwafa bank to support local banks committed to local SMEs grappling with financing and confirmation lines from their correspondent banks.
