Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration

It expands their earlier business cooperation MOU signed in August 2019.

Mizuho Bank has signed a memorandum of understanding with Morocco’s Attijariwafa Bank (AWB) covering collaboration on ESG and sustainability, as well as enhancement of the Asia Africa corridor, the Japanese banking giant said in a press release.

Established in 2004, AWB is reportedly the largest private financial institution in Morocco, emerging from the merger of Banque Commerciale du Maroc and Wafabank. It has total assets of $645.4b and employs over 20,000 people across 5,500 offices in 14 countries. 

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The MOU expands Mizuho Bank’s original business cooperation with AWB, which was for enhancing provision of financial services across Africa, signed in August 2019.

Through the latest MOU, Mizuho Bank aims to enhance services to its clients through provision of information, opportunities sourcing, financing, amongst others for projects in renewable energy in Africa.

Mizuho Bank said that it will also cooperate with AWB to support development along the Asia-Africa corridor in the area of financing.