Saham Bank partners with IFC to boost Moroccan enterprise funding with 500 million dollar loan portfolio

Saham Bank has announced the signing of a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to share risks equally, at a rate of 50%, in a $500 million loan portfolio dedicated to Moroccan enterprises.

According to the bank’s statement, the program aims to boost financing for Morocco’s private sector and expand access to larger, more flexible funding, particularly in industry, services, innovation, and infrastructure.

This partnership aligns with Saham Bank’s transformation strategy following its new brand identity and reaffirms its commitment to financing the real economy and accelerating sustainable development. Through its technical expertise, the IFC will also help the bank enhance governance, transparency, and risk management in line with Environmental, Social, and Governance (ESG) standards, while supporting Moroccan enterprises in transitioning toward more sustainable business models.

«This partnership enables us to finance, support, and accelerate the ambitions of our clients, while placing sustainability at the core of our mission», said Ahmed Al-Yaacoubi, Chairman of Saham Bank’s Board.

For his part, Ethiopis Tafara, IFC Vice President for Africa, stated that the agreement «will enable enterprises to grow and innovate, and will support a more resilient and inclusive banking sector».

The bank described the deal as a milestone that reinforces international confidence in Morocco’s financial system and in the strategic vision of the Saham Group, led by Moulay Hafid Elalamy, which aims to position the institution as a key player in advancing inclusive economic growth.