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Keywords: Bank Al Maghrib


Morocco's Banking Liquidity Deficit Increases by 21.9%

The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......

Improving customer service in Moroccan banking: BAM and GPBM join forces

Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......

Morocco extends wheat import subsidies amid ongoing drought

Morocco has officially announced the continuation of its subsidy program for soft wheat imports throughout 2025, a strategic response to the persistent drought that has severely impacted the nation’s agricultural output. The National Interprofessional Office for Cereals and Legumes (ONICL) confirmed......

Morocco's digital transformation: Blockchain and AI as catalysts for economic growth

Morocco is making significant strides in establishing a vibrant digital economy through its ambitious Digital Morocco 2030 strategy. This initiative aims to modernize the nation’s economy by leveraging blockchain technology and artificial intelligence (AI), addressing longstanding challenges that......

BBVA gains approval for Banco Sabadell acquisition in Morocco

Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......

Morocco's grain harvest forecast: slight increase amid ongoing water crisis

Morocco's central bank, Bank Al-Maghrib (BAM), anticipates a modest rise in the country's grain harvest this year, though outcomes are expected to fall short of government projections. In a recent press conference, the Governor of BAM, Abdellatif Jouahri, revealed that the estimated grain harvest......

Growing concerns over digital fraud in Morocco's cryptocurrency landscape

In a troubling development, the Moroccan government has issued a warning regarding a fraudulent account on X (formerly Twitter) impersonating Prime Minister Aziz Akhannouch. This fake account has been promoting a fictitious Moroccan cryptocurrency, raising alarms about the increasing sophistication of......

Bank Al Maghrib issues alert over fraudulent investment platform

Bank Al Maghrib (BAM), Morocco’s central bank, has released an official warning against fraudulent media content promoting a fake investment platform falsely attributed to the bank. According to BAM, the content illegitimately uses the bank’s identity and the image of its governor, likely......

Morocco’s economy set for 5% growth in 2025 amid rising FDI and tourism boom

Morocco’s economy is forecasted to grow by 5.0% in 2025, up from 3.3% in 2024, despite challenges posed by a weak agricultural sector, according to a report by Fitch Solutions published on February 26. This revised forecast, down from an earlier projection of 5.6%, reflects “emerging signs......

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