Saham Bank is stepping up its environmental ambitions with a major financial move aimed at supporting Morocco’s green transition. The bank has secured €55 million in funding through a new partnership with the European Bank for Reconstruction and Development (EBRD), marking a significant milestone in its climate strategy. The financing comes under the GEFF Plus program, which helps accelerate the shift toward sustainable economies.
The funds will be distributed through two credit lines targeting Moroccan businesses that are actively pursuing decarbonization or investing in sustainable development. Backed by the Green Climate Fund, the European Union, and the Canadian government via the HIPCA fund, this initiative is designed to give companies the financial boost they need to meet their environmental goals.
Beyond the funding itself, Saham Bank will also receive technical support to develop a tailored portfolio of green financial products. This advisory component, financed by the same international partners, aims to strengthen the bank’s internal expertise and align its operations with Morocco’s national climate resilience agenda.
This new collaboration underscores Saham Bank’s growing commitment to becoming a leader in sustainable finance. It also reflects the broader transformation underway at Saham Group, led by Chairman Moulay Hafid Elalamy. Since the bank underwent a change in ownership, it has rolled out a series of strategic initiatives aimed at reshaping its model around environmental priorities and building a more responsible growth path.
