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Keywords: Banking


US sanctions target firms tied to Iranian oil sales, citing links to Quds Force

The United States has imposed sanctions on 22 companies based in Hong Kong and Turkey for their alleged roles in facilitating the sale of Iranian oil, according to the US Treasury Department. The measures, announced on Wednesday, aim to disrupt financial networks that support Iran's Islamic Revolutionary......

Morocco and France work to safeguard banking links under new EU regulations

Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......

Two Moroccan Banks Featured in Forbes Global 2000 List for 2025

Two prominent Moroccan banks, Attijariwafa Bank and Banque Centrale Populaire (BCP), have secured spots in the esteemed Forbes Global 2000 ranking of the world’s largest publicly traded companies for 2025. Attijariwafa Bank, under the leadership of CEO Mohamed El Kettani, ranks 979th globally,......

German Federal Court clarifies refund claims on current account fees

Banks and savings institutions in Germany can no longer assume their customers’ consent to fee increases simply because customers do not object within a set period. This principle was firmly established by the Federal Court of Justice (BGH) in a landmark ruling that invalidated so-called "consent......

L’bankalik sparks excitement in Moroccan gaming with L’banka League finale

L’bankalik, the 100% mobile banking brand of Attijariwafa Bank, celebrated the grand finale of the first edition of its amateur esports tournament, L’banka League, on June 4, 2025. Held under the auspices of the Fédération Royale Marocaine des Jeux Électroniques (FRMJE)......

Eid al Adha in Morocco: authorities issue safety advice for holiday road travel

Morocco will celebrate Eid al Adha on June 7. The Moroccan National Motorway Company (ADM) has announced that traffic on the country’s motorways will increase significantly during the holiday period. The busiest hours are expected on Thursday and Friday afternoons and evenings, specifically between......

Moroccan banks poised for growth amid strengthened financial foundations

Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......

Standard Chartered opens representative office in Morocco to enhance regional presence

British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......

CIH Bank announces significant capital increase of MAD 1.5 billion

CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......