Tag: EBRD

European Bank EBRD invests USD82 million in Turkey’s Sok
Global

European Bank EBRD invests USD82 million in Turkey’s Sok

The European Bank for Reconstruction and Development (EBRD) said it has invested USD82 million in a minority stake in Sok Marketler, a fast-growing Turkish discount grocer. The move supports one of the largest initial public offerings (IPO) on Borsa İstanbul, Turkey’s sole stock exchange. Sok operates small-format one-stop shops that […]

EBRD opens new office in Morocco
Global

EBRD opens new office in Morocco

The EBRD is strengthening its outreach in Morocco with the opening of a second office in the city of Tangier in the north-west of the country. This is the first office of a multilateral development bank to open in the northern city. The office will target the local economy of […]

EBRD to boost local currency lending in Morocco
Global

EBRD to boost local currency lending in Morocco

The EBRD and Morocco are joining forces to develop local currency lending to small businesses and provide affordable loans to Moroccan banks and microfinance organisations. Marie-Alexandra Veilleux-Laborie, EBRD Director for Morocco, signed a Memorandum of Understanding today with Morocco’s Ministry of Economy and Finance and the Central Bank (Bank Al […]