Banking

Once again this year, Societe Generale (SG) received numerous awards at the Euromoney Awards for Excellence 2019 ceremony held on July 10 in London. It received, for the first time, the Best Bank Award in Africa for Corporate Responsibility. “We are honored with this award, which demonstrates the commitment of …

The Attijariwafa bank (AWB) Group won the “Best Bank in Morocco” award for the 9th time at the “Euromoney Awards for Excellence 2019” award ceremony of the prestigious English magazine Euromoney, announces the Group in a statement. This distinction reflects the excellence of Attijariwafa bank on a number of criteria, …

The European Bank for Reconstruction and Development (EBRD) has granted approximately 650 million dirhams (60 million euros) to support BMCI in supporting Moroccan exporters and importers. The envelope makes it possible to support the commercial transactions of exporters and importers. It is part of the Trade Facilitation Program (TFP) launched …

The African Development Bank Group (AfDB) and the General Confederation of Enterprises of Morocco (CGEM) have signed a grant agreement of US $ 560,000 to strengthen the role of the Moroccan private sector in the Kingdom’s integration dynamics in africa. The first of its kind on the continent, this partnership’s …

Umnia Bank is pleased to announce the signing of the first investment deposit agreement on June 12, 2019. This new investment product complements Umnia bank’s offering and establishes its position as a universal reference bank, thus meeting the strong demand from customers who aspire to productive savings. The operation of …

The British government group CDC, wholly owned by the UK government, has invested US $ 200 million in BMCE Bank of Africa, one of the leading pan-African financial groups. CDC will acquire a stake of nearly 5% of the Bank through a capital increase of 200 million USD. Beyond the …

As part of the “Digital African Tour”, the 3rd edition of the “Mpay Forum” was held on June 12 in Casablanca. This edition raises a crucial question: “Will the future of payment be mobile?” The future of payment will undoubtedly be mobile. The proof: the rate of equipment in smartphones …

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 …

During his tenure as head of the African Stock Exchanges Association (ASEA), Karim Hajji, General Manager of the Casablanca Stock Exchange, wants to lead the integration project of the Johannesburg, Lagos, Nairobi markets, Casablanca, Mauritius, Abidjan and Cairo. Like African economies, there are very few links between financial markets. The …

The pace of growth of bank credit decelerated, year on year, to 4% in April 2019 against 5.1%, says Bank Al-Maghrib (BAM) in its note on monetary statistics. This is due to slowing growth in all components except real estate loans, which rose 3.8% from 3.6% a month earlier. In …