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Moroccan Banks Vulnerable to Economic Shocks Amidst Weak Capital Says Fitch Ratings

CASABLANCA (Capital Markets in Africa) – Low capital buffers mean many Moroccan banks are susceptible to economic volatility, particularly in light of their weak asset quality and above-average risk appetite, Fitch Ratings says. Tangible common equity averages about 10% of tangible assets for the major Moroccan banks – a limited buffer given the banks’ risk profiles, single-obligor concentration risk and possible under-reporting of loan impairments. The Fitch Core Capital/weighted-risks ratios for rated banks averaged 12.6%…

BMCE likely to maintain solid profits from pan-African operations, outweighing risks — Moodys

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — BMCE Bank’s (Banque Marocaine du Commerce Extérieur) rising profitability is increasingly mitigating the risks arising from its rapid pan-African expansion, says Moody’s Investors Service in a report published today. Moody’s report, entitled “Banque Marocaine du Commerce Exterieur: Stronger Profits Increasingly Mitigate Risks of Rapid Pan-African Expansion”. The rating agency’s report is an update to the markets and does not constitute a rating action. BMCE Bank (ba3/BCA, Ba1/Local Currency…