Moroccan Public Bank to be go public next September

Published June 5th, 2001 - 02:00 GMT

The Moroccan Public Bank, the largest public bank in Morocco, recently announced its intention of going public by the beginning of next September. According to Al-Hayat, this move reflects the government’s intention to withdraw from public financial and commercial enterprises.  

 

The process of privatization in Morocco began eight years ago with the privatizing of the External Commerce Bank. Morocco’s privatization program is expected to bring in at least $3 billion to the country over the next three to five years –(MENA Report)  

© 2001 Mena Report (www.menareport.com)


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