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    BANKING

    October 24, 2020

    Hope PSBank Announces Board Appointments

    Hope PSBank, Nigeria’s digital bank and a subsidiary of Unified Payments has announced key appointments for the bank.

    According to a statement signed by the Head, Corporate Services, Cletus Igah, the board"...

    October 22, 2020

    World Bank Forecasts 6.3% Recession in Morocco in 2020

    In its most recent forecasts of the economic situation in Morocco, the World Bank expects the country’s gross domestic product (GDP) to decrease by 6.3% in 2020.

    A report published earlier this week said"...

    October 22, 2020

    Morocco’s Banque Centrale Populaire Considers Stake Sale to East Asian Lender

    Rabat – Morocco’s Banque Centrale Populaire (BCP) is considering selling a major stake to a company based in East Asia, according to Bloomberg.

    Through the potential sale, the bank aims to strengthen"...

    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."...

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