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Keywords: Banking
Société Générale Marocaine de Banques has embarked on a significant digital transformation initiative in collaboration with IBM and Power Maroc (PowerM). This strategic move aims to enhance operational efficiency, fortify security measures, and provide superior digital banking......
In a bold move to enhance client engagement in the real estate sector, Bank of Africa has announced the launch of its new event series, "Les Escales de l’Immobilier." Following the success of its previous edition in Fès, this national tour will make stops in Nador, Oujda, Marrakech,......
The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......
Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......
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......
The Bank of Spain has declared that starting in April, specific €50 banknotes will no longer be accepted as legal tender across the nation. While €50 and €20 notes remain widely used in Spain, this decision affects only those €50 banknotes that exhibit visible signs of tampering......
Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......
A recent cybersecurity analysis has revealed a major data breach impacting thousands of Moroccan banking customers. The report, published by Cypherleak, a firm specializing in digital security threats, indicates that 31,220 Moroccan bank cards have been compromised, with their data now circulating on......
Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......