Announced at the beginning of the year to be effective in the first quarter, Bank Al-Maghrib’s decision to implement an instant bank transfer system will be operational in May. It offers several advantages such as the speed of transactions.
The real estate market in Morocco has seen a downward trend in recent months, due to the severity of credit conditions. According to the latest dashboard of credits and bank deposits of Bank Al-Maghrib, this trend continues and real estate loans have seen a 4% drop between February 2022 and February 2023. Banks, for their part, are more vigilant and more selective in granting credit, due to the lack of visibility and the insolvency of clients.
Following the adoption by the government council of a decree, Bank Al-Maghrib (BAM) is authorized to grant emergency liquidity to banks with liquidity and solvency problems. A measure welcomed by Moroccan financial analysts.
The Aïcha association, which manages the eponymous mosque, located since 2014 in the Garosud district of Montpellier, has been experiencing the closure of its bank accounts for several years. A situation that is pushing it to file a complaint for discrimination.
Six individuals, including a woman, were arrested by elements of the national brigade of the judicial police for their alleged links to a criminal network active in the hacking of banking data, theft and attacks on automated data processing systems.
Morocco is in mourning. Moroccan statesman, banker and author Mustapha Faris died on Tuesday, January 31 at the age of 90, according to his family.
In Tangier , the family of a deceased pharmacist is accusing a banker of having embezzled 15 million dirhams from their father’s account by forging his signature. Accusations rejected by the defense of the accused.
Currently prohibited in Morocco, cryptocurrency could be authorized and officialized by a draft law awaiting a vote.
Pending his trial, the director of a bank branch in Tétouan, suspected of being behind an embezzlement of funds, has been imprisoned on the decision of the investigating judge in charge of the case.
The French banking group BNP Paribas would have decided to leave Morocco. The information disseminated by certain media has been denied by the group’s managers.
A 24-year-old man was arrested by the judicial police elements of Meknes for his alleged involvement in a case of fraud and credit card fraud.
Calls for vigilance are multiplying in the face of the number of complaints received by Moroccan banks. Several customers have reported attempted hacking of their account through mobile applications.