In addition to the acquisition of a large part of Société Générale du Maroc , the Saham Finances group, founded and led by the former Minister of Industry and Trade, Moulay Hafid Elalamy (MHE), would be interested in other subsidiaries of the French bank in Africa.
Bank Al-Maghrib announced the decrease in the total number of bank branches on the territory of the kingdom, from 5,914 in 2022 to 5,811 in 2023.
Negotiations are very advanced for the acquisition by the Saham Finances group, founded and led by the former Minister of Industry and Trade, Moulay Hafid Elalamy (MHE), of a large part of Société Générale du Maroc.
Seven people, including four in pre-trial detention, are being prosecuted for embezzlement in a bank branch in Rabat.
Accused of misappropriating client accounts, an employee of a bank branch in Tétouan fled after being summoned by the police.
The dirham appreciated by 0.12% against the euro and depreciated by 0.34% against the US dollar between February 1 and 7, 2024, according to Bank Al-Maghrib (BAM).
In Morocco, the centralized service for fines for lack of provision on checks recorded 559,918 payment incidents in 2022, an increase of nearly 12% compared to the previous year. This is according to a report on the economic situation in 2023.
The Democratic Labor Organization (OMT) has strongly criticized the government’s policy towards Moroccans residing abroad , pointing to an approach deemed superficial and occasional, particularly during the reception of Moroccans residing abroad during the summer holidays.
The new banknotes and coins issued by Bank Al-Maghrib (BAM) went into circulation on Friday, November 24, 2023.
The banker from Tangier accused of embezzling 12 million dirhams from his clients’ accounts, as well as his 26 co-defendants, will soon be informed of their fate.
Attijari bank, the Tunisian subsidiary of the Moroccan group Attijariwafa bank, would be "very interested" in acquiring the Union Internationale de Banques (UIB), a subsidiary of Société Générale in Tunisia.
A former employee of a bank in Tétouan , accused of embezzling funds worth 3 million dirhams and 600,000 euros, was sentenced to five years in prison by the Criminal Chamber of the First Instance Court in charge of financial crimes at the Court of Appeal of Rabat.