Le Board of Directors of the African Development Bank Group ( BAD ) approved a financing facility of 70 million euros for the benefit of Bank of Africa Maroc (BOA).

La facilité offerte par la BAD consists of a risk participation agreement (APR) of 50 million euros and a credit line for the trade finance (LCFC) of 20 million euros according to the institution's press release. According to Ahmed Attout, Director of the Financial Sector Development Department at the Bank, “the African Development Bank, rated AAA by the largest credit rating agencies, is joining forces with Bank of Africa Morocco to increase access to trade finance on the continent, by supporting, in particular, Small and Medium Enterprises (SMEs) operating in transition states