ADB

The African Development Bank (ADB) and the European subsidiary of Attijariwafa – Attijariwafa Bank Europe – signed a €100 million risk-sharing agreement on Thursday, aiming to enhance the competitiveness of African economies. Risk-sharing agreements will incentivize the Attijariwafa Bank Group to issue more loans for clients that are usually considered subprime, as the ADB has agreed to step in to mitigate the financial loss caused by these customers defaulting on loan payments. The signing ceremony…