2023-12-20 12:57:18 This report, which analyzes the seven largest Moroccan banking institutions, explains that they have built up solid provision reserves since 2020 and are well positioned for a continued recovery of their profitability in 2024, as interest rates rise. The report projects Morocco’s average real GDP growth of 3.3% for 2024-2025, despite high inflation … Read more
2023-11-30 19:25:57 AGR recalls, in a note dedicated to the operation, that CFG Bank is the first banking stock to be listed on the stock market since the BCP Group in 2004. This operation will be carried out through a capital increase of 600 MDH equivalent to a rate of float of 15.6%. This involves … Read more
2023-11-30 18:45:36 The quarterly season is coming to an end. For investors, it’s time to take stock before turning to the real meeting of the year: The annual results in spring 2024. But for now, the results are encouraging. According to the stockbroking company MSIN, the cumulative turnover of companies on the Casablanca Stock Exchange … Read more
2023-11-28 19:11:44 A notable easing of long-term rates was observed on Tuesday, with the 10-year rate falling by 16 basis points, close to 4%. Furthermore, the 20-year rate also fell, falling to 4.8% after a drop of 9 basis points. During this session, investors offered 8.4 billion dirhams to the Treasury, which ultimately raised 5.6 … Read more
2023-11-28 04:02:44 Immorente Invest’s portfolio is made up of premium assets leased to renowned tenants (Faurecia, BUTEC, Aptiv, FRI master franchisee of McDonald’s, Huawei, Société Générale Group, etc.). In accordance with the guidance, in September 2023, the Company finalized the acquisition of a factory located in Tangier and leased to SFC Solutions Morocco for an … Read more
2023-11-26 10:02:45 The cumulative turnover at the end of September 2023 amounts to MAD 788.07 million, down 19% compared to the same period of the previous year. This development finds its origin mainly in the combined effects of the general decline in sales prices, resulting from the drop in raw material prices (LME) in 2023, … Read more
2023-11-18 18:21:46 As part of the national financial inclusion strategy, the National Pension and Insurance Fund (CNRA), represented by Mohamed Ali Bensouda, in his capacity as General Manager of the Savings – Insurance Branch of Caisse de Dépôt et Gestion (CDG), AtlantaSanad represented by Jalal Benchekroun, in his capacity as General Manager and Barid Cash … Read more
2023-11-17 16:24:50 Consolidated net banking income amounts to 22.3 billion dirhams, an improvement by 14.9% (+18.4% at constant exchange rates) compared to the same period last year. This progression was driven by favorable commercial dynamics in terms of savings collection and financing of the economy. Thus, customer loans and deposits stood respectively at 374.9 billion … Read more