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The Central Guarantee
Fund (CCG), a key role
in financing SMEs
Milan, 28 January 2014
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Prudential regulation with
international standards
Diversity of shareholding and openness to international
Financing investment and
economic growth
Soundness and development of the banking sector
Financial landscape in Morocco
Master of the macroeconomic framework and modernization of the
financial sector
Financial landscape in Morocco :
key indicators
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Credit Institutions 86
Banks 19
Finance companies 36
Offshore banks 6
Associations of micro-credit 13
Intermediary companies on transfer of funds 10
Assimilated establishments 2
Indicators 2010 2011 2012
Total balance sheet 886 971 1041
Outstanding commitments / GDP 81% 86% 87%
Own funds 74 78 88
Net return 9,7 10,1 9,9
Rate of the bad debts 4,8% 4,8% 5,0%
Amounts in billion MAD (Moroccan Dirham)
3 strategic activities
Central Guarantee Fund (CCG) :
Missions and Trades
Founded in 1949 A Public sector institution fulfilling a mission of general interest likened to a bank The Government’s arm in charge of the public credit guarantee scheme
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Guarantee
Joint financing
Equity
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Partnership
CCG has a catalytic role to enable more SMEs to access finance
The strategic positioning of the CCG
Government
CCG
Financial Sector
Establishment, start-up Growth Maturity Transmission and
Restructuring
Pro
file
s
A complete product line that encompasses the entire life cycle
of a company
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A comprehensive Product Offer
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• Openness to almost all economic
sectors Generic offer
• Bank loans
• Surety bond of markets
• Venture capital
Multiple modes of
Financing
• Proportion of guarantee modulated
according to the risk
• Capped loan commitments (10 M
MAD) and businesses (20 M MAD)
Risk policy mastered
Offer Adapted to the needs of MSMEs
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A comprehensive Product Offer
to support your projects in Morocco
You want to invest in Morocco?
We facilitate the financing of your
project
CREAT BUSINESS
DEVELOP BUSINESS
Guarantee 70% of loans or leasing for newly
created MSMEs (less than 3 years)
Guarantee 60% of loans or leasing for business
expansion, modernization and development
(over than 3 years)
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A comprehensive Product Offer
to support your projects in Morocco
You want to export from Morocco?
We facilitate the financing of your
international operations
Preferential financing for
your investments :
participative loan of 40%
of the project combined
with a bank loan
Guarantee 70% of short-
term loans for exporting
firms (Min. turnover for
export : 20%)
Guarantee 70% of surety bonds required by
foreign tenders
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A comprehensive Product Offer
to support your projects in Morocco
You want to acquire a business in
Morocco?
We support the financing of the
Transmission
Guarantee of 60% of
medium and long term
loans for financing
buyout
- Transmission of the majority of the capital
- Buy back by a shareholder or a majority partner of a minority of
the Capital
- Companies buyout.
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A comprehensive Product Offer
to support your projects in Morocco
For your working capital requirement
We facilitate your access to the
financing
Guarantee 70% of short-term loans and bank
facilities for working capital purposes≤ 1MDH
Guarantee 60% of short-term loans >1MDH
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•Relationship between Company and Bank : free negotiation of financing terms
Company
•Relationship between CCG and Bank : conventions
Bank
• Short response times
•Dematerialized process
CCG
Reduction of deadlines and simplification of the processes
How does it work?
Passage through a
bank
Opening regional offices in the main cities
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Regional coverage
Casablanca Oujda
Fès
Marrakech
New Business Centers (2014)
Tanger
Agadir Operational Business Centers
Rabat
Head Office
• Closeness strengthened with the local banking network and the regional and local actors
• Closeness and advice to companies (MSME)
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Achievements : Key figures
A satisfactory growth dynamic
6%
14%
2008
2012
0,3%
0,7%
2008
2012
guaranteed credits/Total
Total bank loans MSME
Guarantee Outstanding
/GDP
Benchmark international
Encours Engagements/PIB
2012
0,4%
1%
2008
2012
Bank loan Outstanding /
GDP
0,5% 0,5% 0,6% 0,7% 0,8%
2,3%
5% International benchmark
Guarantee Outstanding/GDP
2012
THANK YOU
Tel. +212 537. 71.68.68 - Fax. +212 537. 71.57.15
Website: www.ccg.ma
E-mail: [email protected]
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