Banking

Attijariwafa Bank and Arab Bank signed a memorandum of understanding to strengthen bilateral cooperation in Morocco, Jordan and the countries where the two banking groups operate. The text was signed by Attijariwafa Bank group CEO Mohamed El Kettani and Arab Bank executive director Nemeh Sabbagh on the sidelines of the …

The Bank for International Settlements (BIS) plans to broaden its membership and strengthen its cooperative actions as part of its mission as a forum for international cooperation and the grouping of central banks and financial authorities. To this end, the BIS Board of Directors has decided to co-opt the Central …

Morocco has a large fleet of mobile subscribers, this is shown by the latest data from the National Telecommunications Regulatory Agency (ANRT). The mobile fleet totaled 47.5 million subscribers at the end of last September. But despite these figures, the fact remains that the field of mobile banking is still …

Morocco’s government internal debt reached MAD 571.1 billion (USD 60.1 billion) at the end of November, witnessing an increase by 4.1 percent since the beginning of the year. The internal debt now makes up 50.1 percent of the GDP. According to the Public Treasury’s report, this hike resulted from the …

The European Bank for Reconstruction and Development (EBRD) and Banco Sabadell Succursale Casablanca (BSC) signed, on Thursday in Casablanca, a loan agreement of 165 million dirhams (equivalent to 15 million euros) for the development of small and medium-sized enterprises (SMEs) in Morocco. Through this agreement, the EBRD confirms its commitment …

In one week, Morocco benefited from two financings granted by the African Development Bank (AfDB). After the social protection component, the bank shows its commitment to support the site of regionalization in Morocco through the development of industrial centers. Thus, the AfDB’s board of directors approved, yesterday Wednesday, a financing …

Bank Al-Maghrib (BAM) expects growth to accelerate to 3.8% in 2020 and its consolidation to 3.7% in 2021. For the whole of 2019, BAM forecasts growth of 2.6% after 3% in 2018, said BAM at the end of the last quarterly session of the Council of the Central Bank.

Western Union, the leader in international and inter-currency money transfers, has today expanded the availability of its international money transfer services from Morocco to more than 200 countries and territories. Customers in Morocco can now go to any participating agency of Western Union partner agents – AlBarid Bank, Banque Populaire, …

During the 12th edition of the award ceremony “African Banking Awards 2019” by EMEA Finance Magazine, The Attijariwafa Bank group was awarded 2 excellence awards on December 5 in London: “Best Moroccan bank of the year 2019” for the 5th consecutive year. CBAO, for its part, was voted “Best bank …

The Attijariwafa Bank group (AWB) and “National Bank of Canada” (NBC) have signed a partnership agreement, aimed in particular at meeting the needs of Moroccans residing in the North American country. “The ratification of this agreement is the embodiment of a strong, sealed partnership between two major international banks, very …