SAHAM Bank has strengthened its commitment to environmental sustainability through a new partnership with the European Bank for Reconstruction and Development (EBRD), marking a major step in Morocco’s private sector green transition. The collaboration, part of the Green Economy Financing Facility Plus (GEFF Plus), will mobilize €55 million in green finance.
The initiative is backed by the Green Climate Fund (GCF), the European Union (EU), and the Government of Canada through the HIPCA fund. It provides SAHAM Bank with two dedicated credit lines that will support companies investing in energy efficiency, renewable energy, and climate resilience.
In addition to financial support, the programme includes technical assistance to help SAHAM Bank build internal green finance expertise. Funded by the EU and GCF under Morocco’s Decarbonisation and Climate Resilience Programme, this component is designed to foster innovation in banking products that respond to environmental challenges.
“This operation reflects our long-term vision for a responsible, future-focused banking model,” the bank said in a statement. “By integrating sustainability into our financial services, we aim to support Morocco’s green economy and create long-term value.”
The partnership also highlights a new strategic direction for SAHAM Bank following its recent change in ownership. The bank’s evolution is guided by the broader vision of SAHAM Group, chaired by Moulay Hafid Elalamy, who also leads the bank’s supervisory board.
Elalamy, a prominent figure in Moroccan business, has spearheaded the group’s expansion into high-potential sectors including finance, education, agriculture, real estate, and customer experience. SAHAM Group is positioning itself as a key player in shaping Morocco’s sustainable future through innovation and international partnerships.
The GEFF Plus framework aims to support private sector growth in line with climate goals, with a focus on empowering local financial institutions to offer green financing solutions. SAHAM Bank’s role as an on-the-ground facilitator is expected to accelerate the deployment of clean technologies and sustainable business models.
With Morocco advancing toward its climate targets under the Paris Agreement, initiatives like GEFF Plus represent vital tools in aligning national development with environmental responsibility.
This partnership reaffirms SAHAM Bank’s intention to be a leader in green finance and reflects a broader shift in the region toward environmentally conscious economic development.
