Proposition 4
Tag 006W, permanent. Cite it as [Bourbaki, Tag 006W].
Algebra, VIII, p. 99, § 6. Morita Equivalence of Modules and Algebras
Let A and B be -algebras and P an -bimodule. Suppose that the mapping from B to End is bijective.
a) If the A-module P is generating, then the right B-module P is projective and finitely generated.
b) If the A-module P is projective and finitely generated, then the right B-module P is generating.
Suppose that the A-module P is generating. It is then faithful and balanced (VIII, p. 82, Theorem 2), and consequently the mapping from A to End is bijective (VIII, p. 97, Remark 1). Moreover, the mapping is bijective (VIII, p. 98, Proposition 3). We view P as a -bimodule. The mapping Λ induces a bijective mapping ; by Proposition 2 of VIII, p. 98, (iv) (i), the right B-module P is projective and finitely generated.
Now, suppose that the A-module P is projective and finitely generated. Then the mapping is bijective (loc. cit., (i) (ii)). By the implication (iii) (i) of Proposition 3 above applied to the -bimodule P, the right B-module P is generating.
Bourbaki sets the proof directly after the statement, and the corpus does not separate them, so what is above is the statement and its proof together.