Attijariwafa
ATW
ATW
Banco Popular, a Spanish banking group, will launch its new office in Casablanca tomorrow, Tuesday November 11, boosting the Bank’s presence within Morocco, reported Morocco World News Website.
The Bank’s CEO Francisco Gomez has declared, at the closing ceremony of the conference “SMEs face global challenges and opportunities”, that the Bank will attempt to accompany Spanish companies investing in Morocco.
In addition to Morocco, Banco Popular has inaugurated several offices in Shanghai, Dubai, Frankfurt, Paris and London.
According to Telquel, “the Banco Popular is the third largest banking group in Spain. The company made a net profit of EUR 231 million in the first nine months of 2014, an increase of 1.7% compared to the same period last year. In June 2014, the group acquired the retail banking and credit cards from Citigroup in Spain, which manages nearly one million credit cards with € 2 billion in assets, 950 employees and 45 branches.”
It is worth noting that the Spanish banking group, Grupo Santander, is running in Morocco by its long-term shareholder, Attijariwafa Bank, through its subsidiary Santusa Holding. Moreover, Santander holds a 5.3% stake in the Moroccan bank, after losing 10% of its participation in the National Investment Company for MAD 4.15 billion, reported the Website, according to Telquel.
The Bank’s CEO Francisco Gomez has declared, at the closing ceremony of the conference “SMEs face global challenges and opportunities”, that the Bank will attempt to accompany Spanish companies investing in Morocco.
In addition to Morocco, Banco Popular has inaugurated several offices in Shanghai, Dubai, Frankfurt, Paris and London.
According to Telquel, “the Banco Popular is the third largest banking group in Spain. The company made a net profit of EUR 231 million in the first nine months of 2014, an increase of 1.7% compared to the same period last year. In June 2014, the group acquired the retail banking and credit cards from Citigroup in Spain, which manages nearly one million credit cards with € 2 billion in assets, 950 employees and 45 branches.”
It is worth noting that the Spanish banking group, Grupo Santander, is running in Morocco by its long-term shareholder, Attijariwafa Bank, through its subsidiary Santusa Holding. Moreover, Santander holds a 5.3% stake in the Moroccan bank, after losing 10% of its participation in the National Investment Company for MAD 4.15 billion, reported the Website, according to Telquel.
Source:
Mubasher
