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Fitch assigns support ratings to Moroccan banks

support ratings of 4T to Societe Generale Marocaine de Banques (SGMB) and Banque Commerciale du Maroc ... for CM, 51 percent controlled by France's Credit Lyonnais, and SGMB, 51.9 percent controlled ... shares, ultimate support would also be available from the Moroccan authorities.     SGMB ...

15/08/2010 - 12:58 - comment 0

French banking group takes stake in Moroccan consumer credit company

through its subsidiary Societe Generale Marocaine de Banques (SGMB) and the consumer credit company Sogecredit, which is 60 percent owned by SGMB and 40 percent by Franfinance, a consumer credit subsidiary ... will be acquired by Societe Generale, with the remaining one third being purchased by SGMB.     Eqdom ...

15/08/2010 - 14:25 - comment 0

Fitch assigns Support ratings to four Moroccan banks

Marocaine de Banques (SGMB), to 3 from 4, stated a press release.     BMCI is Morocco's fifth ... by France's SG group, albeit indirectly, with 34.95 percent held by Genefitec and 18 percent by SGMB ... uncertainties regarding Morocco's economic environment.     SGMB is 51.9 percent controlled ...

15/08/2010 - 12:25 - comment 0

Moroccan e-commerce start–up takes its first steps

Intelcom and the four banks: Credit du Maroc, Banque Populaire, SGMB and BMCI.     The start up ...

16/08/2010 - 00:03 - comment 0

Fitch upgrades Credit Eqdom’s national ratings

presence in North Africa, especially in Morocco where SG group is already a majority shareholder in SGMB ...

15/08/2010 - 12:56 - comment 0