Morocco’s Bank Credit Growth Accelerates to 4.1% in June, Boosting Private Sector Lending
31 July 2021
Bank credit in Morocco showed growth of 4.1% during the month of June. A pace accelerating compared to the trend observed a month earlier (+2.9%).
Banks
Morocco’s Economy Shows Strong Signs of Recovery, Exceeding Expectations
26 July 2021
Conjunctural indicators suggest a good recovery of economic activity in the coming months. The announcement was made by the Directorate of Studies and Financial Forecasts (…)
Moroccan Dirham Holds Steady Against Euro and Dollar, Reserves at 301.1 Billion
26 July 2021
The Moroccan currency is almost stable against the euro and the US dollar. This is what the indicators published by Bank Al-Maghrib (BAM) during the period from July 15 to 20, (…)
Morocco Faces ATM Cash Shortage Crisis Ahead of Eid al-Adha
21 July 2021
In Morocco, withdrawing money through bank ATMs is an impossible mission for many citizens. Some ATMs are severely lacking in cash. Consumer associations are called to the (…)
Moroccan Anti-Corruption Leader Arrested for Alleged Fraud Against Bank and Ministry
17 July 2021
The judicial police of Rabat arrested an entrepreneur, who is also the president of an anti-corruption body and an association of small businesses, suspected of having scammed (…)
Morocco Plans Major Public Financial Hub to Boost Economic Growth
16 July 2021
A grouping of Crédit Agricole Maroc, CIH Bank, Al Barid Bank and CDG Capital within the same holding company is in preparation. The objective: to harmonize and target the (…)
Morocco Faces Potential Bank Card Shortage Amid Global Semiconductor Crisis
7 July 2021
Millions of bank cards could be lacking from the second half of 2021 due to difficulties in supplying semiconductors. Like other countries, the concern is growing in Morocco in (…)
Moroccan Banks Shift to Digital as Branch Closures Accelerate
1 July 2021
Between 2019 and 2020, in one year, Morocco lost 45 bank branches. This is proof that these physical installations are losing more and more of their importance in the Moroccan (…)
Ancient Moroccan Granaries: Possible Precursors to Modern Banking System
27 June 2021
In Morocco, the Amazighs used Berber granaries in the Souss Massa region. These ancient granaries could be the world’s first banks.
Attijariwafa Bank Eyes Acquisition of Nigeria’s 8th Largest Bank
10 May 2021
Attijariwafa Bank is developing a definite interest in the English-speaking markets of Africa. It would be among the banks wishing to buy Atlas Mara’s stake in Union Bank of (…)