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Keywords: Banking


Euro poised to gain as dollar loses safe-haven appeal, ECB's Lane says

Philip Lane, the European Central Bank's chief economist, stated on Friday that the euro is well-positioned to capture a larger share of investor portfolios amid growing doubts about the dollar's effectiveness as a global safe-haven asset. Speaking at the Danish Economic Society conference in......

Turkish banking sector posts $19.9 billion net profits in November

Türkiye’s banking sector recorded net profits of 842.84 billion Turkish liras ($19.92 billion) in November, marking a 17.3% increase compared to the same month last year, according to the Banking Regulation and Supervision Agency (BDDK). The sector’s total assets reached 44.97......

BCP completes acquisition of west African financial group ABI

Morocco’s Banque Centrale Populaire (BCP) has completed the acquisition of the remaining shares of Atlantic Business International (ABI), becoming the sole owner of the west African financial group, according to an official statement released on Wednesday. BCP finalized the purchase of a 20.17......

Holmarcom enters exclusive talks with BNP Paribas to acquire majority stake in BMCI

Morocco’s Holmarcom Group announced on Friday that it has entered exclusive negotiations with BNP Paribas regarding the potential acquisition of the French bank’s 67% stake in BMCI, its Moroccan subsidiary. Holmarcom has been a shareholder in BMCI for three decades and now appears poised......

Yakeey and Umnia Bank introduce iBuying to transform Morocco’s real estate market

Moroccan households often face a difficult dilemma when moving to a new home: selling their current property at the right price and time while securing their next purchase. In reality, selling within the desired timeframe is a major challenge, with long negotiations, canceled visits, and buyers who fail......

European fintech startup Zazu secures $1 million to expand in Morocco and South Africa

European fintech startup Zazu has raised $1 million in pre-seed funding to accelerate its expansion into Morocco and South Africa, with plans for a broader Africa-wide rollout starting in 2026. The company, founded in 2024 by former Solarisbank executives Rinse Jacobs and Germain Bahri, offers an all-in-one......

Al Barid Bank reports strong growth in Q3 2025 driven by inclusive and innovative model

Al Barid Bank has posted robust growth during the first nine months of 2025, reflecting the strength of its inclusive and innovative banking model. As of September 30, 2025, customer deposits reached 79.5 billion dirhams, up 6.6% compared to the previous year, with 37.9 billion dirhams in savings deposits,......

Brazil confronts rapid WhatsApp malware surge

Brazil is facing a fast moving malware campaign that uses WhatsApp to infiltrate devices and spread through trusted contacts. Security analysts report a coordinated operation that blends social engineering, automated propagation, and a sophisticated trojan capable of stealing banking and cryptocurrency......

Morocco’s banking liquidity deficit rises to MAD 144.6 billion in late October

The Moroccan banking system faced a deepening liquidity deficit during the final week of October, with the gap widening by 5.19% to reach MAD 144.6 billion, according to BMCE Global Research’s “Fixed Income Weekly” report. This increase reflects the cautious approach taken by Bank Al-Maghrib......