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Keywords: Banking Sector
Morocco’s central bank, Bank Al Maghrib (BAM), revealed a 2.7% decrease in non-performing loans (NPLs) at Moroccan banks, bringing the total to MAD 97.4 billion ($10.86 billion) in 2024. This marked a slight improvement in the loss rate to 8.4%, down 0.1 percentage points from the previous year,......
Lebanese Prime Minister Nawaf Salam met on Tuesday with Jacques de Lajugie, the international representative of the French Ministry of Economy and Finance, to discuss key financial reforms currently underway in Lebanon. During the meeting, held at the Grand Serail in Beirut, Prime Minister Salam and......
Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......
Morocco’s banking liquidity deficit has seen a notable improvement, declining by 8.26% to reach MAD 136.8 billion ($13.4 billion) in January 2025. This shift underscores healthier financial conditions and provides the economy with greater flexibility to grow and adapt. According to BMCE......
A groundbreaking study of Morocco's three largest banks reveals substantial performance improvements following artificial intelligence implementation, with operational processing times reduced by 30% across urban and rural branches. The comprehensive research, conducted by Mohammed V University......
Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
In a significant move to bolster security and streamline operations, Bank Al-Maghrib, Morocco's central bank, has entered into a groundbreaking partnership with the General Directorate of National Security (DGST). This collaboration, formalized through a protocol signed in Rabat, marks a pivotal......
Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......
Morocco's corporate landscape has made a remarkable impact in the Forbes Middle East 2024 rankings, with four companies earning prestigious spots among the top 100 listed firms. Attijariwafa Bank Group: A Financial Powerhouse Attijariwafa Bank Group, under the leadership of Chairman and CEO Mohamed......