CIH BANK launches CODE 212: Seamless banking for Moroccan expats
CIH BANK is transforming banking services for Moroccans Residing Abroad (MRE) with the launch of "CODE 212," a fully digital solution that allows users to open and manage their bank accounts online, free of...
Disway’s half-year revenue declines by 8.9% amid challenging market conditions
Wholesale distributor of IT and telecom equipment, Disway, reported a consolidated revenue of 842 million dirhams (MDH) for the first half of 2024 (H1-2024), reflecting an 8.9% decrease compared to the same period last...
Crédit du Maroc posts 36.8% increase in net income for H1 2024
Crédit du Maroc (CDM) reported a net income of 391 million dirhams (MDH) for the first half of 2024, representing a substantial increase of 36.8% compared to the same period in the previous year. "This...
Libyan minister of transport explores collaboration with OLA ENERGY MAROC
OLA ENERGY MAROC recently welcomed the Libyan Minister of Transport, Mohamed Salem al-Chahoubi, during his official visit to Morocco. Accompanied by Ramzi Salim, General Director of OLA ENERGY MAROC, al-Chahoubi was introduced to the company's...
New interest rates announced for LabelVie’s 2021 bonds
LabelVie has announced a revision of the interest rates for the variable-rate, unlisted bonds in tranches "A" and "C" from its bond issue dated July 29, 2021. Effective July 29, 2024, the new interest rate...
Crédit du Maroc and Finéa strengthen partnership to support small businesses
Crédit du Maroc, represented by its Chairman of the Board, Ali Benkirane, and Finéa, a subsidiary of the CDG Group, represented by its General Manager, Mohammed Belmaachi, signed a partnership agreement on Thursday, July...
Crowdfunding by Moroccan banks hits 21.4 billion dirhams in 2023
In a notable rise, participatory financing provided by Moroccan banks and participatory windows soared to 21.4 billion dirhams (MMDH) in 2023, up from 17.4 billion dirhams in 2022, as reported by Bank Al-Maghrib (BAM)....
Crédit du Maroc reports strong H1 2024 performance with 12.6% revenue growth
On July 26, 2024, the Supervisory Board of Crédit du Maroc, chaired by Mohamed Hassan Bensalah, met to review the bank's activities and financial statements as of June 30, 2024. Crédit du Maroc reported...
Bank of Africa and Mastercard forge strategic partnership
Bank of Africa (BOA) recently signed a long-term strategic partnership with Mastercard to accelerate the development of payment solutions in Morocco. This collaboration aims to introduce innovative solutions and speed up the digitalization of...
BOA EuroServices introduces Salama Europe insurance for overseas Moroccans
Salama Europe, the result of a collaboration between BOA EuroServices, RMA Assistance, and Mutuaide Assistance (a subsidiary of Groupama), is a comprehensive insurance assistance solution designed exclusively for Moroccans residing abroad (MRE). Designed to offer...