Agenda: Crédit du Maroc will present 2016 results on 14th February :
Crédit du Maroc has just invited the press to present its financial achievements for 2016, which will take place on 14th February. The bank is currently the only listed company to provide a date for its financial conference. Achievements are expected to rise sharply given the performance achieved at the end of September 2016. Good results in perspective Crédit du Maroc more than doubled Group net income from 116 in the first nine months of the year , 5 MDH in September 2015 to 250 MDH in September 2016. The bank generated a net interest margin up 1.4% to 1.3 billion Dirhams over the period, a margin on commissions of 259 million Dirhams, An increase of 8.36% and a net banking income of 1.63 billion Dirhams, up 4.2% over 9 months.
Opening of the Seminar on "Financial Sector Policies" in Rabat :
Rabat is hosting a seminar on the theme "Policy for the financial sector" from 6 to 17th February. The seminar, which is intended for officials of the Central Banks and the Economy and Finance Departments of several Arab countries, is organized jointly by BAM, the Arab Monetary Fund and the Center for Economy and Finance of the International Monetary Fund in the Middle East, East. Ensuring the stability of the financial sector is now a major concern at the global level.
Experts advocate integration of macro-prudential approach in financial risk management :
Experts from the Arab Monetary Fund, AMF, and the Center for the Economy and Finance of the International Monetary Fund (IMF) in the Middle East called in Rabat on Monday 6th February to opt for a macro-prudential approach Control of financial risk, particularly in the MENA region. The deputy director of the Middle East (CEF) in the Middle East, Sami Ben Naceur, insisted on the imperative of introducing macro-prudential policies to be able to control, in the most effective way, systemic risk, which The financial system in its entirety. Speaking at the opening of a seminar initiated jointly by Bank Al-Maghrib, the AMF and the CEF-IMF in the Middle East, Ben Naceur pointed out that the Arab countries have in the past focused on micro policies Which remain "insufficient" to ensure the stability of the financial system. The Central Bank, the Ministry of Economy and Finance, the Moroccan Capital Market Authority and the Supervisory Authority for Insurance and Social Welfare have carried out substantive work in recent years to put in place The basis for a macro-prudential supervision and financial stability framework based on an institutional and operational framework aimed at identifying and regulating systemic risks and managing potential crises.
Banks: The AWB brand in the African Top 10 :
Attijariwafa bank, AWB, is ranked 9th in the Top 10 African banks, according to The Banker's 2017 ranking. With a value of the brand valued at 323 million Dollar, the AWB is ahead of Nigerian First bank (301 million Dollar) and talks Egyptian National bank (349 millionDollar). The Top 10 remains largely dominated by South Africa with no fewer than six banks in front of Egypt (2 banks). Overall, the ranked Moroccan banks represent an estimated brand value of 802 million Dollars, which ranks the Kingdom in 47th out of the 50 countries. With 259.2 billion United State Dollar, Chinese giants (ICBC, Bank of China, China Construction Bank, Agricultural Bank of China) are ahead of US and UK banks.
The BNP Paribas ambitious after a good 2016 vintage :
The BNP Paribas, the mother company of the BMCI, on Tuesday presented a new ambitious strategic plan despite a still challenging environment after a good 2016 fiscal year in line with expectations. The French bank recorded last year net profit up 15.1%, to 7.7 billion Euros, and now hopes to raise this net result by at least 6.5% per year on average withing 3 years, according to a statement. Also included in this roadmap is an average annual growth rate of more than 2.5% in revenues, a 50% distribution rate and 3 billion Euros in transformation costs, particularly for digital on recurring savings of 2.7 billion Euros per year from 2020.
Issuance by auction of Treasury bills in the short and medium term :
The Treasury, Tuesday, 7th February, announced the Treasury and External Finance Department, TEFD, under the Ministry of Economy and Finance, by auctioning short and medium-term bonds. These are bonds with a maturity of 26 and 52 weeks and 2 years with a settlement of the warrants subscribed for the 13th February, 2017, said the Management in a statement published on the Bank Al-Maghrib site.
The BMCI, Best Diversified Bank in 2017 :
A new consecration for the BMCI. The Moroccan bank has just landed on the first place in the 2017 ranking of diversified banks in the emerging countries of Vigeo Eiris, the European research and rating agency. "The bank has distinguished itself through its overall performance and its scores on human rights, human resources and market behavior," the BMCI said in a statement.
Mauritania: Prime Minister receives mission from World Bank :
Prime Minister Yahya Ould Hademine received a visit to Nouakchott on Monday from the International Finance Corporation, IFC, of the World Bank, headed by Mr. Jingdong Hua, vice-president of the institution, including Its executive officer. The meeting focused on the cooperative relations between Mauritania and this international institution and the means of strengthening and developing them. The hearing took place in the presence of the Minister delegated to the Minister of Economy and Finance, in charge of the budget, Minister of Economy and Finance, Mr. Mohamed Ould Kembou.
Banks: BMCI will close 10 branches in 2017 :
The BMCI, a subsidiary of BNP-Paribas, decided at the beginning of the year to close ten branches in 2017, learns Le360 from informed sources. These ten agencies are spread all over Moroccan territory, but the decision, taken at the level of the parent company, has sparked among the ranks of executives of the Moroccan subsidiary. Currently, the BMCI network has nearly 350 branches.
Estimated requirements of the Treasury: between 10 and 10.5 billion Dirhams for February 2017 :
The Treasury and External Finance Department informs investors that the use of the Treasury securities auction market for February 2017 will be in the range of 10 to 10.5 billion Dirhams, Bank Al-maghrib.
Attijari Finance Corp .: "Here's how we evaluated Marsa Morocco" :
To treat the subject of controversy Marsa Morocco, Médias24 website made the overview of the different players in the file relating to the IPO of this public company. The initial valuation carried out by Attijari Finance Corp. was criticized against the current value of the company. The managing director of the investment bank, Idriss Berrada, has agreed to answer questions about this topic.
Banks: the rating of the professional customer will be available soon :
Banks will evaluate their professional clients more thoroughly. According to well placed sources in the sector, several institutions, including the largest, are in the process of implementing or improving their scoring models specific to this target. The objective is to better measure the risk of default in this population with a special profile, "explains a banker. He noted that professionals (a word that also encompasses the liberal professions and a good part of individuals VSMC) are becoming more and more important in the business model of all banks, but they are seen as more risky since more difficult to gauge than the rest of the clientele.
The BMCE Bank of Africa, "Top performer CSR emerging countries" for the 4th consecutive year :
For the 4th consecutive year, the BMCE Bank of Africa Group achieved the highest environmental scores, after the extra-financial rating of 47 banks listed in the 2017 rankings of VIGEO / EIRIS in the "countries Emerging, "now its leadership of" The Top perfromer CSR emerging countries ".
ATTIJARIWAFA BANK: Mr. El Kettani was received by Mr. Chahed :
AttijariWafa bank President and CEO, Mr. Mohamed El Kettani, was received by the Tunisian Prime Minister Mr. Youssef Chahed at the office of the Prime Minister on Friday the 10th February. On the menu of exchanges, the balance sheet of an investment of 12 years and which weighs nearly 200 M Euros. Mr. Chahed confirmed to the Moroccan banker the positive assessment that the Tunisian government makes of the first banking operator in the Maghreb. El Kettani, for his part, insisted on reaffirming the fulfillment of the commitments made by AttijariWafa bank and praised the listening and the availability of the government of the National Union to investors.
The switch to the floating exchange rate regime :
The shift from a fixed exchange rate regime to a floating one is controversial. The idea has matured for several years but today it is evident. The old exchange rate regime is no longer adapted to the current situation of the Moroccan economy. The transition also requires that a number of conditions be met, such as controlled macroeconomic balances, a sufficient level of foreign exchange reserves, a strong banking sector, control of currency risks...
Crédit : IMPERIUM MEDIA
