Keywords: Banking
The Qatar Islamic Bank (QIB) was honored with the prestigious title of "Best Islamic Bank in the Gulf Cooperation Council (GCC) for 2024," awarded by the International Union of Arab Bankers (IUAB) this past Saturday. This award highlights QIB's leading position in providing banking services......
A groundbreaking study of Morocco's three largest banks reveals substantial performance improvements following artificial intelligence implementation, with operational processing times reduced by 30% across urban and rural branches. The comprehensive research, conducted by Mohammed V University......
Credit Agricole of Morocco (CAM) has concluded 2024 with a robust MAD 1 billion ($100 million) subordinated bond issuance, signaling strong market confidence in the institution's financial standing. The December 31 operation was strategically structured into two equal tranches of MAD 500 million......
Banque Centrale Populaire (BCP) has successfully concluded a MAD 1.2 billion ($118.9 million) perpetual subordinated bond issue, marking a significant achievement under the guidance of Naziha Belkeziz, Morocco's first female bank CEO. The offering, which ran from December 25-27, 2024, garnered exceptional......
The Moroccan Professional Group of Banks (GPBM) has unveiled plans to keep banks open during the final weekend of 2024, marking a notable departure from standard banking hours. This exceptional measure, announced on Thursday, will see banks operating on December 28-29, 2024. The initiative is designed......
Leaders gather in Morocco's economic capital to discuss investment, digital tools, and a united African financial market. Morocco is hosting the Africa Financial Summit (AFIS) for the first time in Casablanca. The two-day event, which began today and will run through tomorrow, brings together over......
Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
Société Générale Maroc has announced nearly stable financial results as of September 30, 2024. Despite slight contractions in certain areas, the bank has demonstrated resilience and growth in key financial indicators. Credit and Deposits Performance As of the......
Credit du Maroc is set to launch a significant public share offering, making available 1.2 million shares to both the public and employees as part of Holmarcom Finance Company's strategic initiative to enhance the bank's market presence in Morocco's financial sector. The offering, scheduled......
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