CAM Factoring: Crédit Agricole du Maroc Unveils Innovative Financing Solution for Sustainable Growth

Crédit Agricole du Maroc has taken a significant step towards supporting sustainable business growth by launching a new subsidiary, CAM Factoring, at a ceremony held on April 25 during the 16th edition of the SIAM agricultural fair. The event was attended by several notable figures, including Mohammed Sadiki, the Minister of Agriculture, Maritime Fisheries, Rural Development, and Water and Forests; Abdelghani Sebbar, Governor of the Meknes Prefecture; and Abdellah Benhamida, President of the Professional Association of Finance Companies. Themed "Factoring: An Innovative Financing Solution for Sustainable Development," the launch introduced a new approach to business financing in Morocco.

CAM Factoring is designed to help businesses access liquidity quickly by monetizing their accounts receivable. This innovative financing solution allows companies to manage their cash flow more effectively and reduce credit risk associated with their debtors. By launching CAM Factoring, Crédit Agricole du Maroc demonstrates its ongoing commitment to supporting the growth of businesses, particularly in the agriculture and agro-industry sectors, by offering flexible and competitive financial services.

With the help of a high-performing digital platform, CAM Factoring provides tailor-made factoring solutions to meet the short-term financing needs of businesses. These solutions not only improve cash flow management but also offer protection against the risks of unpaid claims. While factoring services were previously part of Crédit Agricole du Maroc's extensive product portfolio, this new dedicated subsidiary adds structure and focus to the activity.

CAM Factoring begins with a solid capital base of 100 million Moroccan dirhams, allowing it to offer clients a range of services, including instant monetization of receivables, portfolio management, and guarantees against credit risks. This strong financial backing positions CAM Factoring as a reliable partner for businesses looking to enhance their cash flow and manage credit risk.

Mohammed Fikrat, CEO of Crédit Agricole du Maroc, expressed his enthusiasm for the launch, highlighting the group's dedication to supporting the growth and development of its clients' businesses with innovative financing solutions tailored to their needs.

The establishment of CAM Factoring reaffirms Crédit Agricole du Maroc's status as a leading financial institution committed to fostering economic growth across various sectors. With a special focus on agriculture and agro-industry, key pillars of Morocco's economy, the bank continues to demonstrate its role as a catalyst for sustainable development.