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    BANKING

    October 20, 2020

    QIIB gets 4 awards from REDmoney

    The prestigious international institution REDmoney has awarded QIIB four prizes as part of the IFN Awards 2020 in recognition of the bank’s achievements, particularly the issuance of permanent instruments within the first tranche of the capital with a value of $300 million in November"...

    October 18, 2020

    World Bank to Support Morocco in Advancing Education Framework

    Rabat – The World Bank (WB) has expressed its readiness to support Morocco in implementing the provisions of framework law number 51.17 relating to the system of education, training, and scientific research.

    Through"...

    October 16, 2020

    Ekata Introduces Account Opening API

    Ekata, a global leader in digital identity verification, introduces the Account Opening API, designed to take action on high-risk accounts to mitigate losses from synthetic identity fraud. The Account Opening API identifies potential bad actors from good customers during the online application"...

    October 14, 2020

    BAM, IFC Launch Webinars to Support Morocco’s Female Entrepreneurs

    Meknes – Morocco’s central bank and the International Finance Corporation (IFC) have launched a series of webinars to support female entrepreneurs in the country.

    Bank Al Maghrib (BAM) and IFC announced"...

    October 14, 2020

    Bank Of Africa, CCCME Ink MoU to Consolidate Financial Operations

    Rabat - Bank Of Africa (BMCE Group) signed, Monday in Beijing, through its Shanghai branch, a Memorandum of understanding (MoU) with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), aimed at consolidating bilateral cooperation in financial"...

    October 14, 2020

    Morocco's Abdellatif Jouahri among World's Top Ten Central Bank Governors

    Casablanca - Abdellatif Jouahri, the governor of Bank al-Maghrib, appears, for the fourth time in a row, among the world's top 10 Central Bank governors, according to the latest ranking issued by US magazine Global Finance.

    Jouahri"...

    October 14, 2020

    Bank of America Reports Third-Quarter 2020 Financial Results

    Bank of America reported its third-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

    This press release features multimedia."...

    October 12, 2020

    Union Bank Secures $40m from IFC to Boost Trade

    Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the World Bank Group, to boost access to finance for local business, increase international trade and help protect the country’s economy from the impact of the COVID-19"...

    October 11, 2020

    Morocco’s CAM Records 9% increase in Net Banking Income in 2020

    Meknes – The Credit Agricole Group of Morocco (CAM) recorded an increase of 9% in its Net Banking Income (NBI) despite the economic and social situation strongly impacted by the Covid-19 pandemic.

    The group’s"...

    October 11, 2020

    Morocco’s BMCE Bank, ACWA Power Win Arabia CSR Network Awards

    Rabat – Morocco’s BMCE Bank and ACWA Power Maroc won honors at the 13th Arabia CSR NetworkAwards in Dubai.

    BMCE Bank Group won the corporate social responsibility (CSR) award in the category of Financial"...

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