Moroccan Banks Face Growing Liquidity Crisis Amid Pandemic
10 September 2020
The health crisis related to the coronavirus is having a negative impact on Moroccan banks. They are now facing a serious liquidity risk.
Banks
Bounced Check Crisis Looms as Economic Pressures Mount, Central Bank Warns
9 September 2020
In its 2019 report on the economic, monetary and financial situation, the central bank is concerned about the number of bounced checks issued in 2019 and announces that the (…)
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar Amid Rising Reserves
7 September 2020
The Moroccan dirham appreciated by 0.29% against the dollar and depreciated by 0.11% against the euro, during the period from August 27 to September 2, 2020.
Moroccan Banks Face Slowdown as COVID-19 Impacts Loan Growth
3 September 2020
The health crisis related to the coronavirus has had a negative impact on the Moroccan banking sector. This is evidenced by the declines in performance in several segments.
Bank Loans in Morocco Accelerate to 5.8% Growth, Reaching 946 Billion Dirhams
31 August 2020
The latest statistics from Bank Al Maghrib (BAM) indicate that the pace of growth in bank loans accelerated in the seventh month of the year, rising from 5.6% to 5.8% at the (…)
Moroccan Bank Reimburses Customers After Online Fraud Drains Accounts
30 August 2020
Several CIH Bank accounts in Morocco have been drained through an unsecured website. Faced with customer complaints, the bank not only closed the site that allowed these (…)
Moroccan Central Bank Urges Banks to Reduce Real Estate Holdings Amid Market Concerns
28 August 2020
The real estate assets held by Moroccan banks are a concern for the central bank. In this regard, Bank Al-Maghrib has invited banks to reduce their balance sheet.
Moroccan Banks Accept Real Estate as Loan Repayment Amid Sector Challenges
28 August 2020
Faced with the increase in debt payments, Moroccan banks have reduced their exposure to real estate development in recent years, especially with regard to individual (…)
Morocco Tightens Real Estate Lending Rules to Safeguard Banking Sector
23 August 2020
Bank Al Maghrib sets new rules to protect the banking sector from bankruptcy, especially in terms of real estate loans. It calls for vigilance in order to secure assets.
Bank Manager Arrested for Fraud and Embezzlement in Morocco
22 August 2020
A manager at a bank branch in Biougra was arrested last Tuesday by the elements of the royal gendarmerie, for the offenses of blackmail and misappropriation of money through (…)