The Moroccan government has recently authorised Crédit Agricole du Maroc to create its factoring subsidiary. The new structure - Crédit Agricole du Maroc Factoring- will offer innovative solutions for managing the receivables of the banking group’s customers.
The newly formed organisation, which has a capital of MAD100m (€9m), will provide innovative solutions, particularly through the instantaneous mobilisation of debt, client portfolio management, and guarantees against bad debts.