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Morocco’s BCM merges with Wafabank

Morocco’s Banque Commerciale du Maroc and Wafabank will merge into one entity effective next January. A takeover bid for 100 percent of Wafabank’s capital will be launched next March.BCM-Wafabank will Morocco’s Banque Commerciale du Maroc (BCM) ...

15/08/2010 - 12:27 - comment 0

Major financial group established in Morroco

and Wafabank, owned by the Kettani family, have decided to merge and form a major financial group, executives The "Banque Commerciale du Maroc" (BCM) and Wafabank, owned by the Kettani family, have decided to merge ... that a takeover bid for 100% of Wafabank capital will be launched next March.     BCM CEO, Khalid ...

18/05/2010 - 14:24 - comment 0

UAE and Morocco enter bidding war for BNP Paribas' Egyptian retail arm

AttijariWafabank have entered a bidding war in an attempt to buy the lucrative BNP Paribas' Egyptian retail ... and Morocco's AttijariWafabank have both reportedly bid to buy BNP Paribas' Egyptian retail arm, which ... Finance, Main headlines) UAE-based Emirates NBD and Morocco's AttijariWafabank have both ...

02/10/2012 - 11:06 - comment 0

Moroccan bourse dragged lower by large caps

such as ONA, BCM and Wafabank, traders said. The al CASABLANCA, (Reuters) - ... capitalization firms such as ONA, BCM and Wafabank, traders said. The all-share index fell to 653.11 points from ... BCM, Wafabank and BMCE Bank had become less risky after they withstood harsh economic conditions.  ...

15/08/2010 - 15:54 - comment 0

Moody's affirms ratings of Morocco's Attijariwafa Bank

Commerciale du Maroc). At the same time, Moody's has withdrawn all ratings of Wafabank. This action follows the completion of the legal merger between Banque Commerciale du Maroc (BCM) and Wafabank ... Commerciale du Maroc had total assets in June 2004 of MAD63.911 billion (US$ 7.0 billion), while Wafabank ...

15/08/2010 - 11:24 - comment 0

Fitch places Morocco’s Wafa Gestion on Rating Watch

Commerciale du Maroc and Wafabank. Fitch Ratings has today placed Moroccan Wafa ... Commerciale du Maroc (BCM) and Wafabank.     Further to its acquisition of 100 percent of Omium de ... respectively, of the equity and voting rights of Wafabank as well as 70.5 percent of Wafa Assurance's ...

15/08/2010 - 12:26 - comment 0

Fitch assigns support ratings to Moroccan banks

du Commerce Exterieur and Wafabank are aff Fitch Ratings has assigned ... (BCM).     The 4T ratings of Banque Marocaine du Commerce Exterieur (BMCE) and Wafabank ... agency has assessed that the Moroccan State would support BCM, BMCE and Wafabank. These are, ...

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

New Moody's System Re-Ranks Moroccan Banks

to stable, Crédit du Maroc receives a D+ rating, and Wafabank maintains its previous D+ rating, ...

18/05/2010 - 19:32 - comment 0

Little activity for the Moroccan stock market

and Wafabank closed the session with a loss of 1.09 percent and 0.72 percent respectively.    Two ...

15/08/2010 - 23:59 - comment 0

Casablanca Stock Exchange: Status quo

On the official market, MANAGEM has monopolized trading, with 65,731 exchanged shares, while WAFABANK has led ...

16/08/2010 - 00:05 - comment 0