First Independent Mena Newspaper
Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]
King Mohammed VI has launched the construction work of a 55 floor-tower, which will host luxury apartments and hotels with a total designed floor space of 86,000 square meters and a viewing terrace at the top. The skyscraper dubbed “Mohammed VI Tower” will reach 984 feet and will be the tallest in Africa. The tower, […]
Bahrain’s Islamic Bank, Al Tamweel wa Inma (BTI) Bank, which opened lately its headquarters in Casablanca, looks forward to setting 37 branches by 2022 in various cities of Mo-rocco. The BTI Bank has been launched following the partnership sealed by Al Baraka Banking Group (ABG), the leading multi-national Islamic Banking Group, headquartered in Bahrain, and […]
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. […]
Set to diversify its global economic partners, Morocco partnered with China to build the Mohammed VI Tangiers Tech city as part of efforts to boost industrialization in the country. King Mohammed VI chaired a ceremony to sign the financing agreement of the $10 billion project which will be funded by Chinese group HAITE (002023.SZ), BMCE’s […]
Morocco’s economic capital, Casablanca, has been ranked second African city to house the largest number of billionaires by Forbes Africa Magazine in its 2017 ranking of African billionaires. The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg. Casablanca, according to the famous magazine, is home to 5,000 […]
Bahrain’s Al Baraka group forged a partnership with Morocco’s BMCE Bank of Africa to create AL Baraka Maroc which aims at creating a network of 25 agencies in Morocco in the first quarter of 2017. The Bahraini group made the announcement after Morocco’s central bank gave the green light to five Moroccan banks to set […]
As expected, Morocco’s Central Bank has finally given its green light to five Moroccan banks to set up Islamic banks – known locally as participative banking- and allowed three banks to sell Islamic products. The regulatory approvals concern the three major Moroccan banks Attijariwafa Bank, BMCE of Africa and Banque Centrale Populaire (BCP), and two […]
The Banker Magazine, an offshoot of the Financial Times, awarded Attijariwafa Bank the title of the “Best Moroccan Bank” in 2016 for the 8thconsecutive time. Attijariwafa Bank Group was awarded two other prizes in London during the month of December, granted by prestigious British magazines in recognition for its performance over the past year. EMEA […]