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Keywords: Banking
Morocco’s money market remained broadly stable in late September after Bank Al-Maghrib kept its key interest rate unchanged at 2.25%, extending the current period of monetary stability. The central bank’s decision was in line with market expectations and came as policymakers continued to......
London’s position as a leading global financial centre is facing renewed scrutiny as international banks warn that higher taxes and rising operating costs could influence future investment decisions in the United Kingdom. The concerns come ahead of the British government’s next budget, with......
Simple, the digital banking brand of Attijariwafa bank, is introducing a new account-funding service designed to make the first steps of banking in Morocco faster and more autonomous. The new feature allows customers to add money to their newly opened Simple account immediately using a bank card. According......
A Romanian bank has introduced additional safeguards for its artificial intelligence assistant after the system reportedly insulted a customer during an online conversation, highlighting the challenges financial institutions face when deploying generative AI in customer service. Libra Internet Bank......
Türkiye has revoked the operating licence of Bank Mellat’s Istanbul branch, in a decision announced by the country’s Banking Regulation and Supervision Agency (BDDK) and published in the Official Gazette on September 19. The decision, adopted by the BDDK board on September 18, concerns......
At CIH Bank, Houda Chafil's promotion is not just a title change. One year after joining the institution as Deputy General Manager, she has been appointed as Deputy General Director in charge of the Corporate & Real Estate Banking. This marks a new step in a career built over more than twenty-five years......
The International Finance Corporation (IFC) is preparing to enter Morocco’s distressed debt market through a joint investment platform with Germany’s EOS Group, in a project that could mobilize up to €60 million. The initiative, known as “DARP NPL EOS Morocco,” would establish......
The dirham experienced a slight decline against major currencies during the last week of August. According to data from Bank Al-Maghrib (BAM), the national currency depreciated by 0.9% against the US dollar and by 0.2% against the euro between August 27 and September 2, 2026. This development comes as......
Casablanca has strengthened its position on the global financial map after climbing seven places in the latest edition of the Global Financial Centres Index (GFCI), ranking 49th worldwide with a score of 700 points. The Moroccan city had previously ranked 56th with 703 points. Although its numerical......