CIH Bank has been distinguished at the GEFF Awards ceremony organized by the European Bank for Reconstruction and Development (EBRD). This recognition acknowledges the bank's commitment to financing the transition to a greener economy. According to a statement from CIH Bank, this award celebrates the collaboration between CIH Bank and the EBRD through the Green Economy Financing Facility. This initiative supports clients in financing projects that contribute to energy efficiency and renewable energy development.
The GEFF Awards highlight CIH Bank's efforts to integrate green finance into its strategic priorities. From 2022 to 2025, CIH Bank offered Green Dev, a financing solution for energy efficiency and renewable energy investments. Developed in partnership with the EBRD, Green Dev provided a comprehensive package including financing, free energy audits, grants of 10 to 15% of the financed amount, and customized technical support. This solution targeted industrial and commercial enterprises.
CIH Bank's recognition at the GEFF Awards underscores its commitment to sustainable development and environmental responsibility. The bank's strategy focuses on supporting clients in their transition to a more sustainable and environmentally friendly economic model. By providing specialized financing solutions and support, CIH Bank aims to contribute to Morocco's sustainable development goals.
The EBRD has been actively supporting the development of green finance in Morocco. Through initiatives like the Green Economy Financing Facility, the EBRD has been working with local banks to promote energy efficiency and renewable energy projects. CIH Bank's award is a testament to the bank's efforts to promote sustainable development and reduce environmental risks.
CIH Bank plans to continue its commitment to green finance and sustainable development. The bank is set to finalize its subscription to the third edition of the GEFF line and the MidGEFF. These initiatives will enable CIH Bank to further support its clients in their transition to a more sustainable and environmentally friendly economic model.
The Moroccan banking sector has been increasingly focusing on sustainable development and environmental responsibility. CIH Bank's recognition at the GEFF Awards reflects the bank's efforts to integrate environmental and social considerations into its operations. The bank's commitment to green finance is expected to have a positive impact on Morocco's sustainable development goals.
CIH Bank's GEFF Awards recognition is a significant achievement for the bank and the Moroccan banking sector. The award highlights the bank's commitment to sustainable development and environmental responsibility. CIH Bank is expected to continue playing a key role in promoting green finance and sustainable development in Morocco.
Key points
- CIH Bank recognized for its commitment to green finance and sustainable development at the GEFF Awards ceremony organized by the EBRD.
- CIH Bank offered Green Dev, a financing solution for energy efficiency and renewable energy investments, in partnership with the EBRD.
- CIH Bank plans to finalize its subscription to the third edition of the GEFF line and the MidGEFF to further support sustainable development.
