Positive impact finance
The scope of analysis of outstanding loans encompasses Moroccan corporate loans. The latter amounted to MAD 57.7 billion, accounting for 50.3% of the total loans disbursed to Moroccan customers loans and 29.3% of the Group’s total outstanding customer loans in 2021. Within this scope, loans identified as having a positive impact amounted to MAD 18.79 billion, up 10% year-on-year, accounting for 32.5% of the total loans disbursed by BANK OF AFRICA to Moroccan corporate customers
BANK OF AFRICA GROUP’S MAPPING
Mapping involves identifying the main positive and negative impacts generated by the business portfolio and is the second building block of the new-style materiality matrix. It consists of breaking down the Bank's activity by business sector, geographical region and customer type
SCOPE OF THE ANALYSIS OF BANK OF AFRICA’S LOAN PORTFOLIO 2021:
An impact analysis was carried out on 87.9% of outstanding loans of the Moroccan ‘corporate customer’ portfolio, accounting for 25.8% of the Group’s customer loans and 44.2% of loans to Moroccan customers 31 December 2021. Despite still being somewhat simplistic, a broader sector breakdown forms the basis of this second analysis by comparison with that of 2020. A significant number of companies have been reclassified under their correct business sectors. This year’s analytical process might therefore be considered as being even more reliable.
ENVIRONMENTAL IMPACT FINANCE LINES
BANK OF AFRICA has developed a number of facilities in partnership with international development finance institutions aimed primarily at small businesses and SMEs. The Group has also leveraged its status as one of the market leaders in project finance and finance for large corporates.