Keywords: Bank Al Maghrib
Europe’s largest digital bank, Revolut, is preparing to enter the Moroccan market, marking a significant step in its expansion across the Middle East and North Africa (MENA) region. The British fintech giant has appointed Amine Berrada, former operations director for Uber in Southern and Eastern......
Morocco’s central bank, Bank Al Maghrib (BAM), revealed a 2.7% decrease in non-performing loans (NPLs) at Moroccan banks, bringing the total to MAD 97.4 billion ($10.86 billion) in 2024. This marked a slight improvement in the loss rate to 8.4%, down 0.1 percentage points from the previous year,......
The microcredit sector in Morocco continues its upward trend, with total outstanding loans reaching 9.5 billion dirhams by the end of 2024, according to the latest report by Bank Al-Maghrib (BAM). This marks a 9.4% increase compared to the previous year’s growth of 4.2%. Over 98% of these loans......
The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......
Morocco’s industrial production surged in May 2025, signaling robust growth across most sectors, according to Bank Al Maghrib’s latest monthly industry survey. Factories operated at 78% capacity during the month, reflecting strong demand for manufactured goods. Growth across industries,......
Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), Morocco’s Central Bank, emphasized the importance of international collaboration in advancing Islamic finance during the 23rd Forum on Islamic Financial Stability held in Rabat. The event, organized by BAM and the Islamic Financial Services......
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
Morocco’s central bank, Bank Al Maghrib (BAM), has decided to keep its benchmark interest rate unchanged at 2.25%, signaling a cautious approach amid significant uncertainties in both domestic and global economic conditions. The decision reflects the bank’s commitment to balancing economic......
Morocco has taken a bold step in promoting women’s economic empowerment through the launch of the WE Finance Code initiative. Spearheaded by Bank Al-Maghrib (BAM), the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC), the initiative aims to......
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