Crédit Agricole du Maroc (CAM) has launched a new export prefinancing product starting at 3.75%, called “Tasbiq Tasdir”, as part of its support for exporters of agricultural products and its proximity to operators in the sector. .
Tasbiq Tasdir is a cash loan that allows prefinancing the export campaign in dirhams or in foreign currencies and covers all operations related to export, says the bank in a press release, adding that it can be coupled with a hedge at term for the management of the exchange risk and will be granted at an advantageous rate, ranging from 3.75% HT to 4.25% HT depending on compliance with the eligibility criteria and the formula chosen by the operator.
If the credit is denominated in foreign currency, it will be granted at an advantageous rate in relation to the prevailing rates of the chosen currency, specifies the press release, noting that Tasbiq Tasdir is intended for all operators, regardless of their size, in particular farmers, cooperatives, EIGs, packing stations and aggregators.
It will be supported by the deployment of a new specific trading room system with a dedicated desk accessible to all as well as the deployment of a network of regional trades centers responsible for providing the necessary advice and support to operators. .
Noting that the quotation applied for currency repatriation operations will henceforth be, for farmers, that which the Bank applies to its largest corporate clients, the bank specifies that Tasbiq Tasdir thus completes and enriches the range of products relating to the players. upstream agriculture to give them the best chances of succeeding in their export campaign. Like any credit, Tasbiq Tasdir remains dependent on a validation of the file by the competent committees and a risk assessment in line with the norms and standards in force, underlines the press release.
This new offer through which the CAM revisits its international financing offer comes in view of the increase in production volumes, the excellent campaign of the year and taking into account the need for operators to face to certain new constraints arising from the health situation.
Tasbiq Tasdir also aims to offset the increase in costs linked to exports and in particular those linked to logistics (sea or land freight) and inputs (packaging and packaging).
This launch is part of the constant efforts made by the bank, in consultation with the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests, to support all agricultural sectors and encourage them to increase their performance and participate in the implementation of the country’s major strategic orientations, in particular the New Development Model and the implementation of Generation Green, the press release concludes.