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Keywords: Banking


Attijariwafa Bank names Rachid Kettani as deputy CEO, focusing on retail banking

Attijariwafa Bank Group has appointed Rachid Kettani as its new Deputy Chief Executive Officer, entrusting him with the leadership of the retail banking division. Kettani takes over from Hassan Bertal, marking a new chapter in the bank's strategic direction. A seasoned professional with over two......

Moroccan banks report slight drop in liquidity needs as central bank intervenes

Morocco’s banking sector saw a marginal decline in liquidity needs, with demand falling 0.88% in July to an average of MAD 113 billion ($12.53 billion), compared to MAD 114 billion ($12.66 billion) in June. Bank Al Maghrib (BAM), the country’s central bank, intervened with a total of MAD......

Joseph Aoun signs key banking reform and two additional laws

Lebanese President Joseph Aoun officially signed three new laws into effect on Thursday, including a crucial piece of legislation aimed at reforming and restructuring the country's struggling banking sector. The laws were originally passed by the Lebanese Parliament on July 31, 2025. The banking......

Moroccan banks gain ground as European lenders retreat from Africa

In just two decades, the financial dynamics of sub-Saharan Africa have undergone a seismic shift. European banks, once dominant in the region, are retreating, leaving room for African institutions—led by Moroccan banks—to expand their influence and reshape the landscape of African banking. European......

Calls for compensation rise as CBA posts record earnings and dividends

Australia’s largest bank, Commonwealth Bank (CBA), reported a record annual cash profit of AUD 10.25 billion for the year ending June 2025, representing a 4% increase compared to the previous year. The bank also announced a generous dividend payout of AUD 2.60 per share, totaling AUD 4.85 for the......

Société Générale exits Mauritania as French banks retreat from Africa

Société Générale’s latest divestment in Africa A consortium of investors, including Enko Capital and Oronte, has finalized the acquisition of Société Générale’s Mauritanian retail banking subsidiary. Announced on Monday, this move marks......

Despite digital progress, Morocco still faces payment incidents due to lack of trust

Despite rapid digitalization, Morocco continues to face persistent issues with traditional payment methods, revealing a deeper crisis of trust within its financial ecosystem. According to the African Scientific Journal, these incidents are not just technical failures but symptoms of ethical shortcomings,......

Moroccan banks reduce bad loans, boost coverage despite rising provisions

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,......

Salam discusses ongoing financial reforms with French official Jacques de Lajugie

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......