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AfricaAugust 23 2021

Morocco's banks look beyond the pandemic

Hiba Zahoui, head of the banking supervision department at Bank Al-Maghrib, Morocco’s central bank, talks about the state of the country’s banking sector.
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Morocco's banks look beyond the pandemic

Q: How would you describe the performance of the Moroccan banking sector during the pandemic?

A: In 2020, the Moroccan banking sector started the year with solid fundamentals, thanks in particular to reinforced prudential regulations in convergence with Basel II and Basel III standards over the past 15 years. In addition to the actions of the government in supporting households and businesses in the context of the Covid-19 crisis, the central bank has adopted a set of measures at several levels to help support the financing of the economy and the banking sector.

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