EBRD supports Morocco’s SMEs with a €40 Million Loan to CaixaBank

The European Bank for Reconstruction and Development (EBRD) is supporting small businesses in Morocco to withstand the coronavirus pandemic impact with a €40 million loan, approximately 430 million dirham, to CaixaBank’s Morocco branch. The EBRD loan will help CaixaBank to increase much-needed funding for local small and medium-sized enterprises (SMEs) to address companies’ needs. In […]

Fitch Rating expects Moroccan banks profitability to improve in 2023

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]

Algerian, Tunisian Islamists fantasize about a mini-Maghreb without Morocco

Blinded by their endemic anti-semitism, Algerian and Tunisian leaders of parties hailing from the Muslim Brotherhood called for a Maghreban union that excludes Morocco. Head of Algeria’s Islamist MSP, Abderrazak Makri, has called for a Maghreb Union without Morocco because it has normalized ties with Israel. “We should exclude Moroccans, because they brought closer to […]