Morocco
Morocco's Stock Market Plunges 25% in Year, MASI Index Hits 7-Day Losing Streak
On the stock market, the value of the MASI fell 1.78% to 830 DH on a volume of 7.7 million DH. It thus deepens its losses over one year to 25%.
Topic
Banks
Morocco
Moroccan Banks Face Credit Crunch as COVID-19 Lockdown Impacts Economy
Banks and consumer credit companies are going through difficult times due to confinement. Professionals in the sector explain that credit production is recording worrying declines since the declaration of the state of health emergency.
Morocco
Morocco's Currency Plunges 5% as Foreign Exchange Shortage Hits Economy
The Moroccan currency has depreciated by 5% against the euro and the dollar in one week. For their part, banks are facing a shortage of foreign exchange due to the lockdown and the closure of borders.
Morocco
Moroccan Bank Offers Relief Measures for Businesses Impacted by COVID-19 Crisis
In the current economic crisis, the Banque Populaire has taken a series of exceptional measures for the benefit of Moroccan companies affected by the consequences of the virus.
Morocco
Moroccan Businesses Urge Banks for Stronger COVID-19 Support Measures
Operators are asking banks to take strong measures for each sector of activity. The case-by-case approach proves counterproductive according to the latter, who call for more sustained support.
Morocco
Moroccan Banks Launch COVID-19 Relief Measures for Households and Businesses
The measures taken by the banks within the framework of the Economic Monitoring Committee (CVE) to support and assist households and businesses directly affected by the coronavirus, are entering their operational phase this Monday, March 30, 2020.
Morocco
Moroccan Banks Face Cash Crunch as Pandemic Spurs Withdrawal Surge
The coronavirus pandemic and the declared state of emergency have caused a rush of Moroccans to banks, resulting in massive cash withdrawals. Banks are striving to find a shock therapy.
Morocco
Société Générale Maroc Donates $11 Million to Morocco's COVID-19 Relief Fund
The Société Générale Maroc Group has just announced a contribution of 110 million dirhams to the Special Fund that will be dedicated to the management of the new coronavirus pandemic, launched by King Mohammed VI.
Morocco
Moroccan Banks Ensure Services Amid Coronavirus Panic, Urge Digital Banking
While customers are rushing to banks in this period marked by the spread of the coronavirus, the Professional Group of Banks of Morocco (GPBM) ensures the continuity of banking services at the level of all branches in the country and Automated Teller Machines (ATMs).
Morocco
Moroccan Banks Unveil 3-Point Plan to Boost Economy Amid COVID-19 Crisis
The banks have decided to support the Moroccan economy in an attempt to emerge from the Coronavirus crisis shaking the country. At a meeting held on Wednesday, March 18, they decided to implement three actions to reaffirm their willingness to support the Moroccan economy.
Morocco
Morocco Opens Bank Account for Coronavirus Relief Fund Donations
The account created to receive donations to the special fund for the management of the coronavirus epidemic is now known to the public.
Morocco
Moroccan Banks Pledge Support for Households and Businesses Amid Coronavirus Crisis
The Professional Group of Banks of Morocco (GPBM) intends to support households and businesses impacted by the spread of the coronavirus, in order to preserve the national economic fabric.