Spanish financial group Bankia has opened lately an office in Morocco’s economic capital, Casablanca, to support the expansion of Spanish companies in the North African Kingdom, one of Spain’s major trade partners.
Bankia managing director Jesús Miramón said Morocco is a key market for Spanish businesses which are looking for growth opportunities beyond their national boundaries.
Listed on the Madrid stock exchange, Bankia is the fourth largest entity in the financial sector with 8 million customers.
Spain remained Morocco’s top trade partner during the first quarter of 2019 with goods worth nearly €4 billion. Morocco’s exports to Spain increased by 8 pc to €1.8 billion, while its imports decreased by 1.2 pc to €2.09 billion.