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).
Banks
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 (…)
Burqa-Clad Suspect Among Four in Failed Bank Heist Near Casablanca
5 March 2022
In Berrechid, a bank branch was the victim of an attempted robbery last Thursday. The alleged thieves, a woman wearing a full veil and three other individuals, fled after (…)
Moroccan Expat Bank Deposits Surge to $20 Billion, Boosting National Economy
17 February 2022
At the end of December 2021, bank deposits increased by 5.2% to over 1,061 billion DH, according to the latest monetary statistics published by Bank Al-Maghrib.
Three Moroccan Banks Rank Among World’s Top 500 Banking Brands
6 February 2022
Three Moroccan banks are among the top 500 most valuable and strongest banking brands in the world in 2022, according to the Brand Finance ranking.
Morocco Post Scandal: Officials Accused of Embezzling 30% of ’Amana’ Division Revenue
1 February 2022
Senior officials of Barid Al Maghrib and the "Amana" services are at the heart of a financial scandal. In total, 30% of the turnover of the "Amana" division would have been (…)