Morocco to Launch Instant Bank Transfers by End of 2022, Central Bank Says
23 July 2022
Bank Al-Maghrib has announced the launch of instant bank transfer in Morocco by the end of the year.
Banks
Moroccan Banks See 76% Profit Surge in 2021, Defying Global Trends
20 July 2022
At the end of 2021, Moroccan banks continued their solid growth, despite the unfavorable international environment. They recorded a 76.4% increase in profits for this year, (…)
Bank Heist in Morocco: 370,000 Dirhams Stolen from Settat Branch
7 July 2022
The elements of the Royal Gendarmerie are conducting an investigation to identify and apprehend the persons who stole 370,000 DH in cash from a bank branch in Ras El Ain (…)
World Bank: 77% of Moroccan Adults Borrow from Family, Not Banks
5 July 2022
Some 77% of Moroccan borrowers turn to friends and family rather than banks. This is revealed by the World Bank’s 2021 Global Findex survey.
Morocco’s Banking Sector Grows: 17.5 Million Residents Hold Bank Accounts
1 July 2022
At the end of 2021, 17.5 million people had at least one bank account in Morocco, according to the banking account statistics published by Bank Al-Maghrib (BAM).
French Interior Minister Alerts Finance Chief to Banks Closing Muslim Accounts
12 June 2022
Following the denunciations of the Council of Mosques of the Rhône (CMR), Interior Minister Gérald Darmanin is taking the "banking apartheid" of places of worship seriously. In (…)
French Mosques Allege Discriminatory Bank Account Closures, Seek Government Intervention
7 June 2022
The bank accounts of "dozens" of mosques and individuals in France who have financed the construction of places of worship have been closed "without any explanation". The Rhône (…)
Armed Robber with Fake Explosive Belt Steals 80,000 Dirhams from Casablanca Bank
18 May 2022
A robbery took place on Tuesday, May 17 in Hay Al-Azhar, in the Sidi Moume district of Casablanca.
Morocco to Address Financial Challenges for Students in Russia Amid Sanctions
18 March 2022
Informed of the difficulties related to money transfers to Moroccan students in Russia, following the country’s exclusion from the SWIFT financial platform, the government has (…)
Moroccan Bank Director Sentenced for Embezzling Client Funds to Wife’s Accounts
10 March 2022
Prosecuted for having transferred, to his wife’s accounts, significant sums of money belonging to his clients, the director of a bank branch has just been sentenced by the (…)