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Attijariwafa bank nominated for the African Banker Awards

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 …

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Egypt: Attijariwafa bank launches Africa Development Club

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 …

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Richbond buys 40% of “Cash Plus”

The deal is finally recorded. The Richbond Group has formalized the acquisition of 40% of cash transfer reference company Cash Plus. This acquisition has just received the approval of the national regulator, Bank Al-Maghrib. For the time being, nothing is filtering on the amount of the transaction. This merger will …

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CDM improves its profits in the first quarter

For the moment, most banks manage to combine the increasingly stringent requirements of regulatory capital with good growth in lending activity, at least for household customers. In the first quarter, Crédit du Maroc (CDM) boosted its solvency with an overall ratio of 15.17% against a minimum requirement of 12%. Tier …

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SCR strengthens in Eqdom

The “Société Centrale de Réassurance” (SCR)/Central Reinsurance Company/ is increasing its stake in Eqdom. On April 24, 2019, it acquired on the central market 8,993 Eqdom shares at a unit price of MAD 1,051, thereby raising the threshold for a 5% stake in the company. Following this transaction, the SCR …

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