Morocco’s Central Bank Ensures Cash Availability During August Holidays
11 August 2019
Bank Al-Maghrib (BAM) has taken the necessary measures to ensure full coverage of banks’ cash needs, in this month of August, marked by public holidays.
Banks
Moroccan Banks Outperform French Counterparts with 11% Profitability
9 August 2019
Banking activity is more flourishing in Morocco than in France. While the profitability of French banks is limited to 6.2%, that of national banks in Morocco is close to 11%.
Moroccan Household Debt Rises 6.1%, Averaging 42,500 Dirhams in 2018
4 August 2019
The average debt of each Moroccan household has increased from 41,000 DH in 2017 to 42,500 DH in 2018, an increase of 6.1%.
Morocco Sees Alarming 12.5% Spike in Bounced Check Value, Affecting 670,000
3 August 2019
In Morocco, bounced checks are experiencing a worrying increase. Indeed, these unpaid checks are up 6.4% in number and 12.5% in value compared to last year. Checkbook bans (…)
Morocco’s Islamic Banking Sector Faces Growth Challenges Despite Initial Surge
2 August 2019
Despite the good performance recorded from June 2018 to April 2019, the Islamic finance sector will face difficulties in maintaining its current pace of growth.
Moroccan Banks Maintain Profitability Despite Economic Slowdown, Report Shows
25 July 2019
Banks are resisting the slowdown in global growth in their sector. This is what the Bank Al-Maghrib Annual Report on banking supervision for the year 2018 revealed.
Bulgarian Tourist Arrested in Morocco for Alleged ATM Fraud Scheme
24 July 2019
The Judicial Police of Marrakech arrested a Bulgarian national on Tuesday, July 23, 2019. Suspicions of hacking bank accounts and using them to access the automated data (…)
Moroccan Bank Accounts Targeted by Hackers, Millions Stolen Through Mobile Apps
23 July 2019
Electronic hacking of bank accounts is taking on alarming proportions. Several accounts of individuals or companies in Morocco have been diverted by international criminal (…)
Attijariwafa Bank Named Morocco’s Best Bank for 9th Time by Euromoney
14 July 2019
The Best Bank in Morocco Award was awarded for the 9th time to the Attijariwafa Bank Group. The "Excellence Awards" ceremony of the prestigious English magazine Euromoney was (…)
Armed Robbers Use Tear Gas in Beni Mellal Money Transfer Agency Heist
30 May 2019
A money transfer agency has just been robbed, in Beni Mellal, by a gang using tear gas bombs. And not hesitating to use them. They seized a certain amount of money before (…)