A substantial envelope of 30 billion dirhams of financing will be released by the Attijariwafa bank Group to support SMEs and VSEs in this year 2022. This envelope will be broken down into 60,000 new loans to be granted in order to allow these companies, in particular to face their operating and cash-flow needs.
The Attijariwafa bank group provides a substantial envelope of 30 billion DH of financing for SMEs and VSEs to be released in this year 2022. The initiative sets itself the objective of supporting these essential links of the economy marked in this current difficult context marked by many uncertainties.
In a press release, the Group indicates that “this envelope will be broken down into 60,000 new loans to be granted in order to enable these companies to meet operating needs, relieve their cash flow, preserve, where appropriate, planned investments or yet to launch new projects, despite a difficult situation linked to geopolitical tensions at the international level and the rainfall deficit at the national level”.
The same source indicates that in addition to this commitment, the Group is part of the deployment of new TAMWILCOM measures in response to the difficulties caused by the current economic situation in order to benefit companies that have taken out loans guaranteed by the “Damane Oxygen” and “Damane Relance” mechanisms, and those with new operating needs and investment projects. These measures, it is specified, concern the extension of the duration of loans guaranteed by the “Damane Oxygène” and “Damane Relance” mechanisms by a maximum of 3 years and the raising of the guarantee ceilings per transaction and per counterparty of the “Damane Relance” schemes. Attasyir” and “Damane Istitmar”.
It should be noted that a special mechanism has also been put in place for operators in the tourism sector through the ratio of medium and long-term credit maturities.
It should also be remembered that support for SMEs, VSEs, traders and craftsmen has always occupied a central place in the strategy of the Attijariwafa bank group. A commitment that has been strengthened over the years, particularly in times of crisis, and which has resulted in various actions.