Banking

Fitch Ratings confirmed BMCE Capital Gestion’s “Excellent” rating. The outlook is stable. The rating reflects the discipline of investment processes and risk monitoring. It is also based on the management resources of the company, characterized by experienced teams and an elaborate technology platform,” explains a statement from BMCE Capital Gestion. …

BMCE Bank of Africa is the first Bank in Morocco and Africa to support the “Green Investment Principles” – GIP – under the Chinese Belt and Road Initiative. Launched in November 2018, GIPs are intended to guide financial institutions and businesses in adopting best practices in environmental and social risk …

Consolidated Net Banking Income (NBI) of CFG Bank amounted to 95 million dirhams in the first half of 2019, compared to 78 million dirhams in the same period of 2018, an increase of 22%. This increase in net banking income was mainly driven by the growth of the commercial bank’s …

BMCE Capital joins the ecosystem of African startups to accelerate its digital transformation. ”CAP’TECH by BMCE Capital ” is the first open innovation program launched by a local investment bank. BMCE Capital aims, among other things, by this initiative to improve the experience of its customers, strengthen internal collaboration and …

Consolidated net banking income of CDG capital for the first half of 2019 amounted to MAD 145.2 million, up 7.9% compared to end-June 2018, driven by good performance of market activities. The average outstanding assets in custody stood at 327.8 billion dirhams, a slight increase of 0.4% compared to H1-2018, …

The overall turnover of Wafa Assurance, a subsidiary of Attijariwafa Bank Group, amounted to MAD 4.65 billion for the first half of 2019, up 3.1% compared to the same period from the previous year. By division, non-life sales in H1-2019 amounted to 2.39 billion dirhams, a sharp increase of 13.3%, …

CIH Bank’s net banking income reached 1.19 billion dirhams in the first half, posting growth of 6.8 percent year-on-year. This growth can be explained in particular by the improvement in the activity of banks and specialized finance companies, says the bank, which also generated a total balance sheet of the …

The Crédit Agricole Group of Morocco (CAM) ends the first half on a positive note. Its Net Banking Income (NBI) reached 1.88 billion dirhams at the end of June 2019, marking a growth of 5% year-on-year. This performance comes from the increase in commission margins, the interest margin and the …

The “Société ivoirienne de banque” (SIB), a subsidiary of Attijariwafa Bank, was honored in Abidjan for its efforts to consolidate a social environment conducive to development in Ivory Coast. The CEO of the SIB, Daouda Coulibaly, was raised to the rank of Commander in the National Order of Merit of …

Morocco’s participatory bank officials are looking forward to 2019 with much hope to bring Takaful insurance into existence to allow for a full start to the products proposed by Islamic finance and thus attract more customers. After achieving modest results a year and a half after the launch of participatory …