ATFP Spread a $25 Million Credit Line to Attijariwafa Bank
By Samira Arabi
Morocco News Tribune
Agadir, Morocco | Attijariwafa Bank of Morocco is to receive $25 million credit line from the Arab Trade Financing Program (ATFP) to fund foreign trade deals, said a press release by AFFP.
Attijariwafa Bank’s deal came to confirm the ATFP’s commitment to the contribution to the development of Arab trade as 42 Moroccan national agencies were offered credit lines at a total value of $905 million.
“This is the second credit line proffered to Attijariwafa Bank. Earlier this month, the Arab Bank for Economic Development in Africa (BADEA), signed a contract for a line of credit valued at $10 million to Attijariwafa Bank (Morocco),” the business website ventures reported
“This was in the context of the framework of BADEA’s Program of Arab Exports to African countries, which is aimed reinforcing the integration of Arab and African economies,” the website added.
Headquartered in Casablanca, Attijariwafa, which was was established after a merger between Banque Commerciale du Maroc and Wafabank, is the largest bank in Morocco and the third largest in Africa.