“The post-Covid recovery is well underway. Since their establishment by the CCG, the “Relance TPE” and “Damane Relance” mechanisms have benefited no less than 15,183 companies, for a total of 22.4 billion dirhams of credits having benefited of these exceptional guarantees, ie a total amount of commitments amounting to MAD 19.7 billion", CCG points out in a press release.

Launched on June 15, 2020, as part of the implementation of the measures decided by the Economic Intelligence Committee (CVE) aimed at mitigating the effects of the crisis triggered by the pandemic of the novel coronavirus (covid-19), these two mechanisms are intended to enable Very Small Enterprises (TPE), Small and Medium Enterprises (SMEs) and large enterprises (GE) finance the gradual return to normal activity.

The product "Relance TPE", intended to guarantee loans of very small businesses with a turnover of less than 10 million dirhams (MDH), benefited no less than 10,756 companies, totalling 2.4 billion dirhams of loans granted, for a commitment of 2.3 billion dirhams.

For its part, the "Damane Relance" product, intended for small, medium and large companies with a turnover of more than DH 10 million, has benefited 4,427 companies. This mechanism thus covered a volume of credits of nearly 20 billion dirhams, for commitments of 17.4 billion dirhams.

In terms of the distribution of the volume of guaranteed loans according to activity sectors, the "Relaunch" mechanisms have mainly benefited the industrial sectors (33%), followed by the trade and distribution sector (31%), and the construction industry (17%).