{"id":459951,"date":"2018-05-09T11:44:51","date_gmt":"2018-05-09T10:44:51","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=459951"},"modified":"2018-05-09T11:44:51","modified_gmt":"2018-05-09T10:44:51","slug":"bcp-and-afdb-sign-100-million-agreement","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/05\/09\/bcp-and-afdb-sign-100-million-agreement\/","title":{"rendered":"BCP and AfDB Sign $ 100 Million Agreement"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Banque Centrale Populaire (BCP) Group and the African Development Bank Group (ADB) signed a $ 100 million Risk Participation Agreement (APR) on Tuesday, May 8, 2018.<\/p>\n<p>&#8220;This risk sharing program, which is a first in the Moroccan banking sector, would allow the realization of a transaction volume estimated at 700 million USD for three years,&#8221; said the BCP in a statement.<\/p>\n<p>Through this partnership, BCP and AfDB are joining forces to boost intra-African trade in key sectors, such as industry, agri-food, health and services.<\/p>\n<p>This agreement meets the growing needs for trade finance between Moroccan operators and companies on the continent, which represent a major lever for financial integration in Africa.<\/p>\n<p>&#8220;Our partnership with the AfDB is perfectly in line with one of the priority areas of our strategy, which aims to actively support the development of intra-African trade, by providing Moroccan companies with appropriate financing mechanisms,&#8221; he said. this title, Kamal Mokdad, General Manager of the BCP Group in charge of International.<\/p>\n<p>For his part, Mohammed El Azizi, Director General of the African Development Bank for North Africa, said that &#8220;this partnership with BCP will help unlock the growth potential of intra-African trade, which is an important vehicle for regional integration. &#8220;This agreement will be a real catalyst for investment and job creation,&#8221; he adds.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Banque Centrale Populaire (BCP) Group and the African Development Bank Group (ADB) signed a $ 100 million Risk Participation Agreement (APR) on Tuesday, May 8, 2018. &#8220;This risk sharing program, which is a first in the Moroccan banking sector, would allow the realization of a transaction volume estimated at 700 million USD for three<\/p>\n","protected":false},"author":527180,"featured_media":459955,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12840,12338],"class_list":{"0":"post-459951","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-afdb-en","9":"tag-bcp-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BCP and AfDB Sign $ 100 Million Agreement - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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