In order to boost investments by SMEs/ETIs in Morocco, Bank of Africa (BOA) is working alongside the professional group of banks in Morocco (GPBM), the Mohammed VI Investment Fund (FM6I) and Tamwilcom.
The agreement signed between the various partners gives rise to “CapAccess”, an innovative subordinated debt product, aimed at accelerating investments by Moroccan companies.
“CapAccess”, initiated by the FM6I, offers an innovative approach to alleviate the equity contribution constraint imposed by banks. Intended for companies generating a turnover between 10 million and 500 million DH, this subordinated debt product allows funds to be injected into specific investment projects, in eligible sectors of activity.
The partnership between GPBM, FM6I and Tamwilcom stands out for its desire to promote the growth of companies committed to sustainable development, evaluating their impact according to environmental, social and governance (ESG) criteria. As a partner bank, BOA plays a leading role in this national initiative by promoting the investment dynamic of SMEs/ETIs.
The "CapAccess By BOA" product offers an innovative financing approach: a joint loan where the subordinated debt represents one third of the loan, called "Junior Credit", and the bank loan represents two thirds, called "Senior Credit". This solution offers significant advantages, including attractive rates, an extended repayment period of up to 12 years, and exemption from the study commission on Junior Credit. The bank portion can benefit from the Tamwilcom Guarantee and the capital grace period on the junior loan corresponds to double the grace period granted by the bank with a maximum of 5 years.
BOA, as a key player in this national strategy, is committed to strengthening the financial structure of companies and creating conditions conducive to their growth. A regional tour is also planned to raise awareness among businesses of this innovative financing opportunity, thus marking BOA's desire to be at the heart of the country's economic recovery.
By MOUNIA KABIRI KETTANI
Source : https://lobservateur.info/
L’Observateur du Maroc et d’Afrique (MAROC)
