Banking

Coface published, on Tuesday, February 4, the 2020 edition of its “guide to country and sector risks”. Morocco displays a risk “Convenient” (A4), the best rating in Africa, alongside Kenya, Senegal and Botswanda. Coface is a credit insurer whose mission is to help companies develop by insuring the insolvency risk …

The European Bank for Reconstruction and Development (EBRD) has granted a loan of 20 million euros to Crédit du Maroc as part of the “Green Value Chain” program. This program aims to support green investments carried by SMEs participating in certain value chains and/or ecosystems. This line is part of …

Real GDP growth in Morocco is expected to be 3.7% in 2020 and 3.9% from 2021, predicts the African Development Bank (AfDB). “The medium-term economic outlook in Morocco remains favorable and real GDP growth is expected to rebound to 3.7% in 2020 and 3.9% from 2021,” says the AfDB in …

The Competition Council and the International Finance Corporation (IFC), a member of the World Bank Group, signed on Wednesday in Rabat a partnership agreement aimed at the development of an institutional ecosystem supporting the effective implementation of the policy competition. The agreement thus enables the IFC to support the Moroccan …

BMCE Bank of Africa was named the most attractive employer in Morocco in 2019 by ReKrute. The site unveiled Tuesday in Casablanca the 25 most attractive companies in terms of employment. The banking group thus obtained a score of 76%, ahead of Attijariwafa bank (75%) and the PSA Group (75%). …

Amman January 13, 2020, the Chairman and Chief Executive Officer of the Attijariwafa bank Group and the CEO of the Arab Bank Group signed on January 13, 2020 a memorandum of understanding which aims to strengthen multilateral cooperation between Morocco, the Hashemite Kingdom of Jordan and the country of presence …

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 …