Morocco
Armed Robbery Attempt Foiled at Tangier Bank, Suspects Flee
Two individuals with masked faces tried to rob an armored cash transport van in front of a bank in Tangier. They were prevented by the private security agents who were on site.
Topic
Banks
Morocco
Top 3 Moroccan Banks Revealed: Study Shows Customer Preferences by Age Group
Moroccans have assessed their level of satisfaction with the banks operating in the territory and distinguished by their services and offerings . What were the results of this study and which are the best in 2021? Here are the details.
Morocco
Bank Teller Flees After $2 Million Theft from Moroccan Branch
In M’diq, the cashier of a bank agency is suspected of having stolen several million dirhams from the establishment. He is currently on the run.
Morocco
African Development Bank Grants $120 Million Loan to Boost Moroccan SMEs
The African Development Bank (AfDB) granted, on Wednesday, a loan of 120 million euros to Morocco, to support and strengthen the country’s small and medium-sized enterprises.
Morocco
BCP Bank Reports 2.9 Billion Dirham Profit, Driven by Cost Cuts and Economic Recovery
At the end of last September, the main indicators of the Banque Centrale Populaire (BCP) group generated a profit of 2.9 billion dirhams (MMDH), mainly due to the decrease in expenses and the improvement of the cost of risk.
Morocco
Moroccan Bank BCP Warns Customers of Online Phishing Scam
The Banque Centrale Populaire (BCP) called on Monday for vigilance in the face of an attempted online fraud. According to the bank’s explanations, a platform is currently broadcasting a contest in its name.
Morocco
Attijariwafa Bank Named Safest in Africa for Second Year by Global Finance
Attijariwafa bank has just won for the 2nd consecutive year the award for "Safest Bank in Africa", awarded by the American magazine Global Finance. This new distinction adds to the award for "Best Investment Bank in Morocco", granted by the same magazine a few months ago.
Morocco
Moroccan Banks Show Resilience with 3% Profit Growth Amid Economic Crisis
In a context marked by an unprecedented health and economic crisis, Moroccan banks have conducted their activities in a resilient manner and are showing satisfactory performance at the end of the first half of this year. The general improvement in performance indicators confirms the effectiveness of the recovery strategy implemented by the Moroccan authorities.
Morocco
MENA Countries Face Slow Economic Recovery as Pandemic Hinders Tourism and Energy Exports
The economic situation of the six countries in the MENA region was at the heart of the latest report by the S&P Ratings Agency published on September 7. These countries, including Morocco, are struggling to return to growth due to the Covid-19 pandemic.
Morocco
Moroccan Diaspora Sends Record $7 Billion Home, Bolstering Families and Economy
Remittances from Moroccans abroad have averaged 62 billion dirhams in recent years. A threshold largely exceeded in 2020, despite the Covid-19 health crisis. Nearly 80% of these funds sent are intended to support families who have remained in Morocco .
Morocco
Contactless Payments Surge in Morocco as Cash Use Declines, Survey Finds
Long reluctant to innovative payment methods , and very attached to cash, Moroccans, due to the health crisis, have changed their habits. Cash is losing notoriety in favor of bank cards, m-payment and contactless.
Morocco
Moroccan Household Savings Rise as Bank Debt Declines Amid Pandemic
As of the end of December 2020, the outstanding household bank debt recorded a decline of 2.6 billion dirhams, while housing loans showed an increase of 7.4 billion dirhams compared to 7.9 billion dirhams in 2019. This slowdown is partly due to the impact of health restrictions on the consumption habits of Moroccans.