Attijariwafa bank: more than 200 billion dirhams mobilized for VSMEs in 2014-22

Between 2014 and 2021, Attijariwafa bank distributed nearly MAD 187.5 billion in loans for the benefit of more than 300,000 Moroccan VSMEs. The group, which provides for a substantial envelope of 30 billion DH in 2022, will have to exceed the bar of 200 billion DH in financing for these companies as part of its cycle of commitments started in 2014.

Attijariwafa bank reports a remarkable record for the first eight years of its cycle of commitments in favor of VSMEs. Between 2014 and 2021, nearly 187.5 billion dirhams of credits were distributed for the benefit of more than 300,000 Moroccan VSEs and SMEs. The largest annual envelope was granted in 2020, where 32.5 billion DH of credits were granted to 73,000 VSMEs in order to better manage the Covid-19 crisis and the resumption of activities. It should be remembered that the Attijariwafa bank group has, since 2014, made a commitment to announce the financing mobilized annually in favor of this population of companies. This mobilization had started with an envelope of 15 billion DH in 2014: 10 billion for SMEs and 5 billion exclusively authorized for very small businesses. Since then, commitments have been on an upward trend, as has the number of beneficiary companies.

In 2021, the balance sheet for the year shows 55,000 new loans to VSMEs for an amount of more than 26 billion DH (out of 35 billion DH reserved), including 10.4 billion for VSEs and 15.6 billion in favor of SMEs. And for the year 2022, therefore, 30 billion dirhams will be reserved for the support and recovery of VSMEs, via 60,000 new loans. Thus, this year, the group will have to exceed the bar of 200 billion DH of financing dedicated to SMEs and VSEs.

The purpose of these new funds mobilized this year is to enable companies to meet operating needs, to reduce cash flow, to maintain, where appropriate, planned investments or to launch new projects, and this in an economic environment. difficult linked to geopolitical tensions at the international level and to the rainfall deficit at the national level. For the group, VSEs and SMEs are the real foundation of our country’s economy and contribute massively to the creation of value and jobs. The current difficult context marked by many uncertainties encourages the bank to further strengthen its support for these essential links in the Moroccan economy. This financial commitment is accompanied by a system of non-financial services focused on training, advice and networking.

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