The case is likely to cause a stir in Casablanca. An influential real estate developer from Bouskoura is accused of pressuring his clients to make cash payments, even though his project is heavily mortgaged and legally unsellable. Revelations about a race against time that looks like a desperate escape.
Crédit Immobilier et Hôtelier (CIH Bank) has launched the call for expressions of interest (AMI) for the sale of three hotel establishments intended for tourism projects.
Several CIH Bank accounts in Morocco have been drained through an unsecured website. Faced with customer complaints, the bank not only closed the site that allowed these fraudulent operations, but also decided to reimburse the victims.
The European Bank for Reconstruction and Development (EBRD) has provided financing of 40 million euros to the Crédit Immobilier et Hôtelier (CIH) , to support small businesses and trade in Morocco.