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Keywords: Banking
Morocco will celebrate Eid al Adha on June 7. The Moroccan National Motorway Company (ADM) has announced that traffic on the country’s motorways will increase significantly during the holiday period. The busiest hours are expected on Thursday and Friday afternoons and evenings, specifically between......
Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......
British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......
CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......
Morocco’s General Directorate for Information Systems Security (DGSSI) has raised alarms over a sophisticated malware targeting Android smartphones. The malware, identified as “BTMOB RAT,” was first detected in February and is primarily designed to harvest sensitive information, including......
British banking giant Standard Chartered has officially inaugurated its new branch in Casablanca's Casa Anfa business district, marking a significant milestone in its African strategy. The legal registration with the Casablanca Commercial Court, dated April 25, 2025, underscores the bank's commitment......
Société Générale Marocaine de Banques has embarked on a significant digital transformation initiative in collaboration with IBM and Power Maroc (PowerM). This strategic move aims to enhance operational efficiency, fortify security measures, and provide superior digital banking......
In a bold move to enhance client engagement in the real estate sector, Bank of Africa has announced the launch of its new event series, "Les Escales de l’Immobilier." Following the success of its previous edition in Fès, this national tour will make stops in Nador, Oujda, Marrakech,......
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......
