Saham Bank has secured €55 million (578 million dirhams) from the European Bank for Reconstruction and Development (EBRD) through a strategic partnership aimed at promoting green economy initiatives in Morocco. The funding falls under the new GEFF Plus (Green Economy Financing Facility) program. The €55 million package, supported by the Green Climate Fund (GCF), the European Union, and the Canadian government via the HIPCA fund, will establish two dedicated credit lines to finance private Moroccan projects focused on energy transition and sustainable development, reads a press release by Saham Bank on Friday. Technical assistance funded by the EU and GCF will accompany the financing and is integrated into Morocco's Decarbonization and Climate Resilience Program. This support aims to strengthen Saham Bank's internal capacities in green finance and help develop climate-aligned financial products. This partnership marks a key milestone in the bank's sustainability strategy since its ownership transition. Originally established in 1913 as a subsidiary of France's Société Générale, the bank was acquired by Morocco's Saham Group in April 2024 and officially rebranded as Saham Bank in June 2025.
