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Keywords: Banking
The Bank of Spain has declared that starting in April, specific €50 banknotes will no longer be accepted as legal tender across the nation. While €50 and €20 notes remain widely used in Spain, this decision affects only those €50 banknotes that exhibit visible signs of tampering......
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......
A recent cybersecurity analysis has revealed a major data breach impacting thousands of Moroccan banking customers. The report, published by Cypherleak, a firm specializing in digital security threats, indicates that 31,220 Moroccan bank cards have been compromised, with their data now circulating on......
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......
In a recent meeting chaired by Mr. Lotfi Sekkat, the Board of Directors of CIH Bank convened on two occasions—February 26 and March 11, 2025—to review the bank's performance and consolidated financial results for the year ending December 31, 2024. These results were unveiled on March......
The Central Popular Bank (BCP) has announced the appointment of three new director generals in a significant leadership reshuffle aimed at bolstering the bank's strategic development. The decision was made during a recent board meeting, underscoring BCP’s commitment to innovation and growth. The......
Morocco’s banking liquidity deficit has seen a notable improvement, declining by 8.26% to reach MAD 136.8 billion ($13.4 billion) in January 2025. This shift underscores healthier financial conditions and provides the economy with greater flexibility to grow and adapt. According to BMCE......
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......
