Morocco’s Real Estate Market Sees Slow Growth, Islamic Financing Surges
30 June 2023
The volume of real estate loans reached 300.8 billion DH, an increase of 1.8% or 5.2 billion compared to the same period last year.
Banks
Police Commissioner and Bank Director Jailed for $260,000 Embezzlement Scheme in Morocco
26 June 2023
Prosecuted for misappropriation of funds and falsification of digital documents, a police commissioner and the director of a bank agency were sentenced to 8 and 3 years in (…)
Moroccan Bank Employees to Receive Salary Increase and Pension Benefits
22 June 2023
Very good news for Moroccan bankers who will see, in their next pay slip, a salary increase.
Moroccan Bank Officials Charged in $1 Million Embezzlement Scheme
20 June 2023
Four officials of a bank branch in Tétouan, involved in a case of embezzlement of more than ten million dirhams, are being prosecuted in detention by the Rabat Court of Appeal. (…)
Moroccan Banker Faces Trial After $20 Million Client Embezzlement and International Manhunt
6 June 2023
Arrested in Italy and extradited to Morocco, the director of a bank agency in Témara, wanted for embezzling nearly 200 million dirhams from some clients’ accounts in 2018, will (…)
Morocco Launches Instant Interbank Transfers, Free for 3 Months
1 June 2023
Bank Al-Maghrib, in collaboration with the Groupement pour un Système Interbancaire Marocain de Télécompensation (GSIMT), announced the implementation of instant interbank (…)
Bank Manager in Morocco Jailed for Alleged $260,000 Embezzlement Scheme
28 April 2023
In Tétouan, a bank branch manager accused of embezzlement has been placed in detention on the orders of the investigating judge and on the recommendation of the public (…)
Morocco to Launch Instant Bank Transfer System in May, Revolutionizing Digital Payments
24 April 2023
Announced at the beginning of the year to be effective in the first quarter, Bank Al-Maghrib’s decision to implement an instant bank transfer system will be operational in May. (…)
Morocco’s Real Estate Slump Deepens as Buyers Await Government Housing Program
13 April 2023
The real estate market in Morocco has seen a downward trend in recent months, due to the severity of credit conditions. According to the latest dashboard of credits and bank (…)
Morocco’s Central Bank Authorized to Provide Emergency Liquidity to Struggling Banks
12 April 2023
Following the adoption by the government council of a decree, Bank Al-Maghrib (BAM) is authorized to grant emergency liquidity to banks with liquidity and solvency problems. A (…)