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Exclusive Interview: Mohamed El Kettani, Chairman and CEO of Attijariwafa Bank Morocco

LAGOS (Capital Markets in Africa) – Mohamed El Kettani, Chairman and Chief Executive Officer of Attijariwafa Bank Morocco, grants an exclusive interview to Capital Markets in Africa. He shared with us his personal life experiences and leadership style as well as Attijariwaja bank’s long-term strategic plans to maximize profitability and enhance shareholders’ value. In addition, Mohamed viewed that Moroccan banking sector has achieved an impressive transformation over the two last decades, thanks to aggressive investment strategies…

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

Posted on by The Editorial Team

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%…

Morocco’s Attijariwafa Plans Africa Expansions This Year

Posted on by The Editorial Team

RABAT (Capital Markets in Africa) – Attijariwafa Bank, Morocco’s biggest lender, is planning to complete expansions in East and West Africa this year as it focuses on consolidating its new acquisitions to spur growth. The Casablanca-based bank aims to finalize a deal to buy Rwanda’s Cie Generale de Banque, known as Cogebanque, start commercial banking operations in Chad and apply for a banking license in Ghana in 2017, General Manager Ismail Douiri said in an interview in…