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    BANKING

    February 21, 2018

    European development bank vows continued support to Morocco in improving business environment

    The European Bank for Reconstruction and Development (EBRD) on Tuesday vowed to continue its support to Morocco in improving its business environment.

    During a meeting, Moroccan Prime Minister Saad Eddine El"...

    February 17, 2018

    Global Finance Names Attijariwafa bank “Best Private Bank in Morocco” for 2018

    The Attijariwafa Bank group continues to win awards as it confirms its leading position in Morocco’s banking and financial sector. American Global Finance magazine named the organization as “Morocco’s Best Private Bank” for the year 2018. Global Finance, which regularly ranks the top banks and other financial services, selected the winners using “input from a panel of experts and feedback from industry analysts, corporate executives and technology specialists.” Global Finance also considered other criteria......

    February 14, 2018

    Fiorano Contributes to Kenya’s Digital Leap with I&M Bank

    (AETOS Wire) -- Fiorano Software announced today that I&M Bank, Kenya has chosen the Fiorano platform to achieve digital transformation to reduce time-to-market while integrating its Finacle, Core Banking System. I&M Bank’s need for digital transformation arose from its new strategy aimed at giving each market segment a customized proposition to complement their lifestyle and financial requirements. The use of multiple point-to-point connections was impeding this goal due to its rigidity, high maintenance and management costs. “Fiorano has made our digital journey easy and cost effective,' said Rohit Gupta, Group CIO,......

    February 7, 2018

    BMI Research: Morocco to Remain Net Debtor with Minimal Risk of BoP Crisis

    According to BMI Research, Morocco is expected to remain a net debtor to the global financial system through 2027; yet, it perceives a limited risk of balance of payments crisis due to limited exposure to portfolio investment. In its latest analysis report, BMI, a research firm that provides macroeconomic, industry and financial market analysis, predicts that Morocco will probably remain a net debtor over the coming decade; which is explained by persistent account deficit. However, BMI maintains that a balance of payments crisis is unlikely......

    February 7, 2018

    Fiorano Powers Banco Postal’s Commitment Towards Financial Inclusion and Digitalization of Angolan Economy

    (AETOS Wire) -- Fiorano Software announced today that Banco Postal, Angola has successfully implemented the Fiorano Platform to tackle integration challenges in its digital transformation journey. Banco Postal opted for Fiorano for its native integration with T24, the Core Banking System from Temenos. Marcelo Barreto, Head of IT, Banco Postal said, “Banco Postal is built on a strong commitment for financial inclusion in Angola. Having such an innovative approach to banking, the technical challenges were one of the biggest constraints to the success of such implementation. Fiorano enabled us to swiftly tackle these restrictions, removing......

    February 6, 2018

    Moroccan Dirham Up by 0.51% Against Dollar

    Three weeks after Morocco introduced a flexible exchange rate system, the dirham appreciated by 0.51 percent against the dollar and fell by 0.43 percent against the euro, according to the"...

    February 5, 2018

    Morocco currency move a step in right direction: IMF

    Morocco’s new, more flexible hard currency system is a step in the right direction to make the kingdom more attractive to investment and turn it into a financial hub for Africa, a senior IMF official has said.
    Morocco recently launched a more flexible foreign exchange system"...

    February 3, 2018

    QNB Most Valuable Banking Brand in Middle East and Africa with a Value of US $4.2bn

    QNB Group, the largest financial institution in the Middle East and Africa, was recognized once again as the most valuable banking brand in the Middle East and Africa region with brand value worth US $4.2bn, according"...

    January 30, 2018

    Morocco Won't Renew IMF Liquidity Line as It Looks for New Deals

    Morocco will not seek to renew its $3.47 billion liquidity line with the International Monetary Fund when it expires in July but could seek an alternative arrangement with the international lender to suit its strengthening economy,"...

    January 25, 2018

    Citi Private Bank Sponsors Motor Racing Legend Fernando Alonso at Daytona

    (AETOS Wire) -- Citi Private Bank is proud to announce its sponsorship of motor racing legend Fernando Alonso for his debut appearance in the Rolex 24 at Daytona beginning January 27, 2018.

    The"...

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