Morocco’s banking sector remained resilient in 2013, benefitting from cash injections from Bank Al Maghrib, the central bank, and the industry is among the most sophisticated on the continent. Although liquidity is still less than ideal and non-performing loans have inched upwards, indicators have been positive for the sector, with capital adequacy requirements well above Basel III and...
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Chapter | Capital Markets from The Report: Morocco 2014
The year 2013 was one of ups and downs for emerging market equities. The Moroccan All Shares Index (MASI) eased downwards in 2013 for the third consecutive year, ceding 2.6%. However, the decline was markedly slower than in 2012, when it fell 15.3%. The Casablanca Stock Exchange (CSE) certainly grappled with a number of exogenous pressures, hitting a five-year low at the end of August 2013....
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?