Morocco

The EBRD is partnering with Banque Marocaine du Commerce Exterieur (BMCE Bank) to help Moroccan companies engage more widely in international trade so that they can grow further and contribute to the country's economic development.

EBRD lends EUR20 million to Société Générale Morocco.

At Euler Hermes, the industry leader in credit insurance in Morocco, damaged assets reached 1.5 billion dirhams at the end of October.

Industry professionals report a significant growth in factoring activity during the first months of 2012.

Moroccan-based BMCE Bank have announced their 2011 annual results, including that of their subsidiary, Moroc Factoring.

Codix captures Maroc Factoring's interest.

The Moroccan Central Bank, Bank Al-Maghrib, has signed a 25 year agreement with Experian services to upgrade and run its Credit Bureau facilities in Morocco.

 Maroc Factoring posted a significant rise in turnover.

Moroccan micro-finance associations granted loans totalling Dhs 5 bn (around Ђ500 m) by the end of September 2004, which is a 47 per cent rise compared to the amount granted by the end of December 2003, a report of the micro-credit associations fe

The world leader in credit insurance, Euler Hermes, is now the main shareholder of ACMAR, the leading credit insurance company in Morocco. The name of the company has been changed to Euler Hermes ACMAR.