Morocco
Morocco Leads World in Cash Dependency, Study Finds
Morocco is the country most dependent on cash. It tops the ranking of countries where people pay the most with cash.
Topic
Banks
Morocco
Moroccan Expat Bank Deposits Surge to 190 Billion Dirhams as Total Savings Rise
As of the end of June, bank deposits increased by 3.9% to 1,085.2 billion dirhams, according to the latest monetary statistics published by Bank Al-Maghrib.
Morocco
Forbes Ranks Top Moroccan Banks Among MENA Region's Best
Three Moroccan banks are featured this year in the top 30 of the most important banks in the Mena region, published by Forbes magazine.
Morocco
Moroccan Banks Show Resilience Amid COVID-19 Crisis, Central Bank Reports
Moroccan banks have been resilient during the Covid-19 health crisis, according to a report by the central bank of the kingdom.
Morocco
Morocco's Bank Card Usage Surges 4.1% in 2021, Reaching 17.9 Million
As of December 31, 2021, the cards issued by Moroccan banks reached 17.9 million cards, up 4.1% from a year earlier. More than half of the cards are used for cash withdrawal operations.
Morocco
Morocco to Launch Instant Bank Transfers by End of 2022, Central Bank Says
Bank Al-Maghrib has announced the launch of instant bank transfer in Morocco by the end of the year.
Morocco
Moroccan Banks See 76% Profit Surge in 2021, Defying Global Trends
At the end of 2021, Moroccan banks continued their solid growth, despite the unfavorable international environment. They recorded a 76.4% increase in profits for this year, after a contraction observed in 2020, according to the Coordination and Monitoring Committee of Systemic Risks (CCSRS).
Morocco
Bank Heist in Morocco: 370,000 Dirhams Stolen from Settat Branch
The elements of the Royal Gendarmerie are conducting an investigation to identify and apprehend the persons who stole 370,000 DH in cash from a bank branch in Ras El Ain Chaouia near Settat.
Morocco
World Bank: 77% of Moroccan Adults Borrow from Family, Not Banks
Some 77% of Moroccan borrowers turn to friends and family rather than banks. This is revealed by the World Bank’s 2021 Global Findex survey.
Morocco
Morocco's Banking Sector Grows: 17.5 Million Residents Hold Bank Accounts
At the end of 2021, 17.5 million people had at least one bank account in Morocco, according to the banking account statistics published by Bank Al-Maghrib (BAM).
France
French Interior Minister Alerts Finance Chief to Banks Closing Muslim Accounts
Following the denunciations of the Council of Mosques of the Rhône (CMR), Interior Minister Gérald Darmanin is taking the "banking apartheid" of places of worship seriously. In this sense, he has written to Economy Minister Bruno Le Maire to alert him to this practice.
France
French Mosques Allege Discriminatory Bank Account Closures, Seek Government Intervention
The bank accounts of "dozens" of mosques and individuals in France who have financed the construction of places of worship have been closed "without any explanation". The Rhône Council of Mosques (CMR) denounces a "banking apartheid" and calls on President Emmanuel Macron to intervene.