23% increase in CCG’s activity in 2016

Date : 20 Feb 2017

At the end of 2016, CCG’s overall activity in favor of enterprises and individuals totaled MAD 21 billion of mobilized loans, that is, a 23% increase compared to 2015. This performance benefited 7 290 VSMEs and more than 22 800 individuals.


1.Activity in favor of enterprises:

The activity in favor of enterprises pursued its upward trend, totaling at the end of 2016, a volume of granted guaranteed loans amounting to MAD 16 billion, that is an increase of +40%.

- Guarantee activity in favor of enterprises

CCG’s notable activity, the "enterprises guarantee", continued to expand significantly, with an annual growth of +41% at the end of 2016, and a guaranteed volume of MAD 14.4 billion. The volume of granted guarantees was set at MAD 7.7 billion.

These positive results were incurred by the performance of products destined to:

  • "Investment loans", intended to finance the creation, development and transmission of VSMEs, which totaled MAD 3 billion, that is an increase of 36% compared to 2015. These loans generated MAD 4.9 billion of investments and the creation of more than 15 500 jobs.
  • "Operating loans", dedicated to financing the operational needs of VSMEs, both by disbursement and signature, whose volume reached MAD 10 billion, meaning an increase of 49% compared to 2015.
  • "Loans for VSEs" (Damane Express + Ilayki + Mouwakaba), whose activity totaled MAD 1.4 billion, an increase of 49% in comparison to the end of 2015.

It is to note that the main sectors covered by CCG’s guarantee for 2016 are mainly industry (28%), trade and distribution (27%) and construction (23%).

In terms of the breakdown of guarantee commitments by banks, BMCE Bank leads (33%) followed by Banques Populaires (28%) and Attijariwafabank (19%).

- Co-financing activity in favor of enterprises

CCG's co-financing activity with the banks recorded a volume of granted loans of 2 MAD billion at the end of 2016, marking thus a decrease of -12% in comparison to 2015.

At the end of 2016, co-financed investment loans reached a volume of MAD 932 million with a significant increase of 118% for CCG’s share (387 million DH) and 71% for the Banks’ (545 million DH). These joint loans were able to generate an investment volume amounting to MAD 1.6 billion.

Financial restructuring loans within the Financial Support Fund for VSMEs (intended for viable enterprises experiencing temporary financial difficulties) totaled MAD 1.1 billion, of which MAD 671 million injected by CCG and MAD 488 million financed through the banks.

These joint loans mainly benefited the sectors of industry (56%), education (11%), construction (9%) and trade (5%).

In terms of the breakdown of the co-financing activity by banks, Attijariwafabank is the leading bank (40%), followed by Banques Populaires (23%) and BMCE Bank (19%).

2. Activity in favor of individuals:

In 2016, the activity in favor of individuals enabled the mobilization of a loan envelope of MAD 4.9 billion, that is a decrease of 7% compared with 2015, in favor of 22 800 beneficiaries. The volume of granted guarantees reached MAD 3.56 billion.


- Damane Assakane

It should be noted that “Damane Assakane Fund” (which includes FOGARIM and FOGAGLOGE) managed to mobilize a guaranteed loan envelope of MAD 3.48 billion in favor of more than 18 000 beneficiaries. This represents a decrease of almost 10% compared to 2015.

These achievements represent the third best performance recorded by Damane Assakane Fund since its start in 2004, after those of 2014 and 2015.

             - Fogarim

The activity of FOGARIM product, dedicated to the guarantee of housing loans for the populations of modest or non-regular income, established in 2016 to MAD 2 billion  of guaranteed loans, in favor of more than 12 700 beneficiaries.

During the reporting period, the FOGARIM Guarantee Loans were granted mainly by three banks (CIH BANK, BP Group and BMCE BANK). These three banks alone contributed to 88% of the fund's activity, compared with 90% in 2015.  

- Fogaloge

In 2016, the activity of FOGALOGE (destined to the middle class), reached MAD 1.4 billion in guaranteed loans, benefiting 5 300 households, representing a decrease of 6% compared to 2015, for a total commitment of MAD 685 million, that is, a decrease of 4.5% compared to the previous year.

38% of the loans granted through the FOGALOGE guarantee were distributed by the Banques Populaires Group. Four other banks accounted for 53% of the activity of the product.

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