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%.
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%.
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 reach up to 670,000 people. The employers’ association, for its part, has already called for tougher sanctions.
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.
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.
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 processing systems of customers of Moroccan banks weigh on the accused.
Electronic hacking of bank accounts is taking on alarming proportions. Several accounts of individuals or companies in Morocco have been diverted by international criminal networks specialized in this field.
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 held in London, according to a press release from the Group.
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 fleeing...
The increase in the number of disputes with banks means that mediation is becoming increasingly necessary, especially since the customer is no match for the dominant position of banking institutions.
In Morocco, for the first four months of 2019, new vehicle sales, across all categories, have almost halved, Hespress has found. The reason given is the end of the 0% credit.
It was only a truce, but necessary this time. The suspension of Third Party Notices (ATD) was not permanent, the moratorium has made it possible to better frame the scope of this provision.