Keywords: Banking
Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......
Morocco's corporate landscape has made a remarkable impact in the Forbes Middle East 2024 rankings, with four companies earning prestigious spots among the top 100 listed firms. Attijariwafa Bank Group: A Financial Powerhouse Attijariwafa Bank Group, under the leadership of Chairman and CEO Mohamed......
CIH BANK Unveils Innovative Remote Banking Service for Moroccan Expatriates In a groundbreaking move, CIH BANK has launched CODE 212, a cutting-edge remote banking service designed to cater to the needs of Moroccans living abroad. This innovative service allows users to open and manage bank accounts......
In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......
In a bold move to address Morocco's burgeoning cash economy, the country's central bank, Bank Al-Maghrib (BAM), has established a high-level committee tasked with tackling the unprecedented surge in cash circulation. This initiative comes as Morocco grapples with a staggering MAD 430 billion......
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......
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