Morocco’s tourism sector has undergone a major shift in recent years in large measure due to the implementation of the Moroccan National Tourism Office’s (ONMT) Vision 2020 programme, which seeks to attract 20m tourists by 2020. The programme also aims at raising the country’s “sun and surf” profile, boosting annual revenues to Dh140bn (€12.43bn), increasing hotel bed capacity to 375,000 and...
Morocco
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Articles & Analysis | Eyes on all horizons: Banks are diversifying their sources of funding from The Report: Morocco 2014
Liquidity has been a frequent topic of discussion in the banking sector over the past number of years. However, as Hassan El Basri, director-general in charge of risks at Banque Centrale Populaire (BCP), indicates, liquidity in Morocco’s banking system reflects that of a “normal” banking system.
Articles & Analysis | Financial inclusion: The post office has become one of the nation’s largest banks from The Report: Morocco 2014
With an average banking penetration rate of only 18% in the MENA region, according to figures from the World Bank, much ado has been made in recent years as to the potential role of postal systems in boosting financial inclusion. As existing and trusted entities with extensive networks that reach into rural areas where banks are largely absent...
Interviews & Viewpoints | OBG talks to Othman Benjelloun, President, BMCE Bank from The Report: Morocco 2014
Interviews & Viewpoints | OBG talks to Abdellatif Jouahri, Governor, Bank Al Maghrib from The Report: Morocco 2014
What are the major challenges facing the Moroccan banking sector as it works to implement Basel III, and how can these be overcome?
Articles & Analysis | Positive indicators: Although liquidity has fallen, the sector remains in good form from The Report: Morocco 2014
While its neighbours to the north have struggled with the slow recovery in Europe and continue to face hefty fines from aggressive regulators, Morocco’s banking sector remained resilient in 2013, benefitting from cash injections from Bank Al Maghrib (BAM), the central bank. The industry remains one of the most sophisticated on the continent,...