Rabat - The Moroccan banking sector reached a level comparable to that of international banks, in particular to that in Europe, according to Secretary General of the Union of Arab Banks (UBA) Wissam Fattouh.In a statement on the sidelines of the 20th Annual Arab Banking Conference held in Beirut on November 19 and 20 with Moroccan participation, Fattouh underlined that the Moroccan banking sector is characterized by its professional quality, stability, growth, and presence in Arab countries and elsewhere.
Rabat – The Moroccan banking sector reached a level comparable to that of international banks, in particular to that in Europe, according to Secretary General of the Union of Arab Banks (UBA) Wissam Fattouh.
In a statement on the sidelines of the 20th Annual Arab Banking Conference held in Beirut on November 19 and 20 with Moroccan participation, Fattouh underlined that the Moroccan banking sector is characterized by its professional quality, stability, growth, and presence in Arab countries and elsewhere.
Fattouh praised the Moroccan experience, inviting the Maghreb countries, notably Tunisia and Mauritania, to take advantage.
The Secretary General cited the experience of BMCE Bank, which has opened branches abroad, particularly in France and elsewhere in Africa, and Attijariwafa Bank, which is present in various African and Arab countries.
Fattouh also said that the conference aimed to shed light on “the significant role played by the Arab financial and banking sector in supporting the Arab states’ economies.”
He added, “The conference witnessed the biggest Arab and international financial and banking presence in terms of the number of participants or the quality of Arab and international participation.”
Under theme “Through Financial Inclusion: 2015-2020 Map,” the conference was held in coordination with a number of international regulatory institutions.
Last August, four Moroccan banks (Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank, and BMCI Bank) made it to the British Financial Magazine’s 2015 list of the top 1,000 world banks.
Despite a difficult economic environment marked by a sharp decline in loans in 2013, Moroccan banks generally managed to uphold their performance and activities.
