Banking

The Organization for Economic Co-operation and Development (OECD) has called on states to avoid trade conflicts in a context marked by escalating trade tensions between the United States and China. On the sidelines of its annual meeting that opens Wednesday in Paris, the Organization called on states to avoid “emergency” …

Atlantic Business International (ABI), a subsidiary of the Moroccan Central Bank Popular Group (BCP), intends to support the Nigerian government and businesses in their development efforts, said the head of this African holding, Habib Koné. Koné made the remarks after an interview in Niamey with Nigerian Prime Minister Brigi Rafini. …

Without the support of the Central Guarantee Fund (CCG), more than 5,600 SMEs would probably not have been able to obtain financing from the banks. Firms receiving CCG support in the first quarter are three times larger compared to the first three months of 2018. Overwhelmed by requests, the fund …

In the first quarter of 2019, CIH Bank posted a net profit of 115.9 million dirhams, down 15.6% compared to the same period last year, the bank said. Net banking income amounted to MAD 518.3 million, up 6.4% compared to March 2018, the bank said after its board meeting. At …

Morocco has confirmed its position in the top ranks of the best performing African countries, ranking in 2017, at the head of emerging countries in the continent, according to the second annual ranking of African countries on economic emergence, released Wednesday in Dakar. Published by the Research Group “Institute of …

Attijariwafa bank (AWB) is among the nominees for the African Bank of the Year trophy. AWB is in competition with AfreximBank, Ecobank (Ethiopia), Equity Group (Kenya), Mauritius Commercial Bank (Mauritius) and Trade and Development Bank. It is the only Moroccan bank among the nominees in all categories. The African Banker …

The Moroccan group Attijariwafa bank conducted, on Sunday night in Cairo, the official launch of the Africa Development Club-Egypt, conceived by the group as a center for reflection, services and investment. Speaking on this occasion, Mohamed El Kettani, President and CEO of Attijariwafa bank, stressed that the Africa Development Club …

BMCE Bank of Africa has been designated by the European Bank for Reconstruction and Development (EBRD) as the most active partner bank in Morocco for 2018 “Most Active Partner Bank in Morocco for 2018”. This prize was awarded on May 7, 2019 at the Business Forum held in Bosnia and …

A new Moroccan company receives financial and technical support from the EBRD. The European bank has just granted a loan of 2 million euros to the “Société Maghrébine de Monétique” (S2M). This financing granted to the Moroccan publisher of electronic payment solution is part of the Bank’s Blue Ribbon program. …

The growth of the Moroccan economy would be limited to 3.2% this year against a rate of 3.5% announced last November, according to new projections by the European Bank for Reconstruction and Development (EBRD). In a note on growth prospects in the South-East Mediterranean countries (Morocco, Tunisia, Egypt, Jordan and …