First Independent Mena Newspaper
Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]
China’s Export Import Bank and the Casablanca-based Attijariwafa Bank will join efforts in a $5 billion bank dedicated to boosting African exports to China and promoting industrial activity in the countries where the Moroccan bank operates. The deal attests to the credibility and large network of Moroccan banks in Africa, as well as Morocco’s efforts […]
Attijariwafa Bank, one of Morocco’s largest banks, has signed a Memorandum of Understanding (MoU) with the Independent Integrity Unit (IIU) of the Green Climate Fund (GCF) to cooperate and consult on integrity matters. The agreement covers information-sharing, joint investigations and collaborations, as well as capacity-building support with the Bank’s Compliance Office. The MoU will complement […]
Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]
Morocco’s biggest lender, Attijariwafa Bank, won two prizes at the Euromoney Awards for Excellence 2018. The bank was ranked best in Morocco and topped the list of banks in Africa for SMEs, Euromoney magazine said. Euromoney’s Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. […]
Moroccan phosphate group OCP, Attijariwafa Bank and Saham Finances have been honored by the Africa CEO Forum convened lately in Abidjan, Côte d’Ivoire. OCP, a global market leader of phosphate and its derivatives, has received the “CSR Strategy of the Year” Award for respecting and implementing a Social and Environmental Responsibility policy. The CSR strategy […]
Attijariwafa bank, a leading pan-African banking group, has teamed up with IFC, a member of the World Bank Group, to boost cross-border trade and investment in Africa and support the continent’s smaller businesses. A cooperation agreement was signed by the two sides to enhance investments in both North Africa and Sub-Saharan Africa. The partnership will […]
The Banker magazine awarded for the eighth consecutive time the “Bank of the Year Morocco” award to the BMCE Bank of Africa. The Banker’s eighteenth annual Bank of the Year awards provides an unrivaled opportunity to meet and network with industry peers and to celebrate the achievements of successful financial institutions from around the world. […]
Leading Moroccan bank, Attijariwafa Bank, is expecting its newly acquired Egyptian unit to be its major growth driver in coming years and is planning to expand its operations by adding new branches and hiring staff. The bank anticipates that the Egyptian operation will contribute 12% to 14% of its net income in 2018, with revenue […]
The Moroccan banking group, Attijariwafa bank, and the Sumitomo Corporation Europe Limited, one of the branches of the Japanese giant, have signed recently a memorandum of understanding, under which they agreed to establish a long-term partnership for the implementation of major development projects in Africa. The memorandum seeks to promote cooperation between the two groups […]