Keywords: Banking
Effective Leadership Transition Promises Continued Growth and Innovation The banking sector in Morocco is set for a significant shift as Societe Generale Maroc has announced the appointment of Mehdi Benbachir as its new Chief Executive Officer, effective July 1, 2024. This decision, finalized during......
In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......
In a move that could potentially reshape the financial landscape across the African continent, Russia has expressed keen interest in establishing representative offices of Russian banks in various African nations. This revelation came directly from Maria Zakharova, the spokesperson for the Russian Ministry......
In a shocking revelation, newly uncovered evidence suggests that a prominent British bank, Standard Chartered, may have facilitated billions of dollars in transactions linked to entities designated by the United States government as funders of terrorist organizations. These explosive allegations have......
In a move that has sent shockwaves through Spain's financial sector, the government has firmly rejected the hostile takeover bid launched by BBVA for its rival Banco Sabadell. The decision, announced by Economy Minister Carlos Cuerpo, cited the potentially detrimental effects that such a merger could......
In a bold move that could reshape the European banking landscape, Spanish banking powerhouse BBVA (Banco Bilbao Vizcaya Argentaria) has announced its intention to acquire its domestic rival Banco Sabadell through a strategic merger proposal. This audacious bid, unveiled on Wednesday, aims to create one......
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
The banking group Société Générale announced on Friday that it has signed a contract to sell its stake in Société Générale Maroc to the Moroccan holding company Saham for a total of 745 million euros. According to Société Générale's......
In a groundbreaking move that solidifies its position at the forefront of digital banking, Morocco's CIH Bank has forged an innovative partnership with Google. This strategic alliance paves the way for the highly anticipated launch of Google Pay, a cutting-edge contactless payment solution, in the......
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