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Al Barid Bank
Al Barid Bank () is a government-owned bank based in Casablanca, Morocco. It is the country's postal savings system and was licensed as a bank in 2010. Overview Poste Maroc, the national post office, started offering financial services in 1926. Al Barid Bank was formed on , following a three-year process of preparation, and received a full banking license later in 2010, even though it only serves individual customers. It remains fully owned by Poste Maroc. Al Barid Bank has been credited with enabling significant progress towards financial inclusion in Morocco, helping to raise the share of Moroccan adults with access to banking services from 34 percent to 62 percent just between 2010 and 2014. Al Barid is also dominant in the Moroccan market for remittance services. By 2020, Al Barid Bank had over 7 individual customers in Morocco, and by November 2022 2.3 million used its mobile services. Its financial performance has increased rapidly in the early 2020s. It has a dense networ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casablanca
Casablanca (, ) is the largest city in Morocco and the country's economic and business centre. Located on the Atlantic Ocean, Atlantic coast of the Chaouia (Morocco), Chaouia plain in the central-western part of Morocco, the city has a population of about 3.22 million in the urban area, and over 4.27 million in Greater Casablanca, making it the most populous city in the Maghreb region, and the List of largest cities in the Arab world, eighth-largest in the Arab world. Casablanca is Morocco's chief port, with the Port of Casablanca being one of the largest artificial ports in Africa, and the third-largest port in North Africa, after Tanger-Med ( east of Tangier) and Port Said. Casablanca also hosts the primary naval base for the Royal Moroccan Navy. Casablanca is a significant financial centre, ranking 54th globally in the September 2023 Global Financial Centres Index rankings, between Brussels and Rome. The Casablanca Stock Exchange is Africa's third-largest in terms of market c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morocco
Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocco border, the east, and the disputed territory of Western Sahara to Morocco–Western Sahara border, the south. Morocco also claims the Spain, Spanish Enclave and exclave, exclaves of Ceuta, Melilla and Peñón de Vélez de la Gomera, and several small Plazas de soberanía, Spanish-controlled islands off its coast. It has a population of approximately 37 million. Islam is both the official and predominant religion, while Arabic and Berber are the official languages. Additionally, French and the Moroccan dialect of Arabic are widely spoken. The culture of Morocco is a mix of Arab culture, Arab, Berbers, Berber, Culture of Africa, African and Culture of Europe, European cultures. Its capital is Rabat, while its largest city is Casablanca. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postal Savings System
Postal savings systems provide depositors who unbanked, do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poste Maroc
Poste Maroc is the company responsible for postal service in Morocco. References External links Official website See also * ONPT, Office National des Postes et Télécommunications (Morocco) Communications in Morocco Logistics companies of Morocco Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ... Philately of Morocco Government-owned companies of Morocco {{Philately-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post Office
A post office is a public facility and a retailer that provides mail services, such as accepting letter (message), letters and parcel (package), parcels, providing post office boxes, and selling postage stamps, packaging, and stationery. Post offices may offer additional services, which vary by country. These include providing and accepting government forms (such as passport applications), and processing government services and fees (such as road tax, Postal savings system, postal savings, or bank fees). The chief administrator of a post office is called a postmaster. During the 19th century, when the postal deliveries were made, it would often be delivered to public places. For example, it would be sent to bars and/or general store. This would often be delivered with newspapers and those who were expecting a post would go into town to pick up the mail, along with anything that was needed to be picked up in town. Before the advent of postal codes and the post office, postal syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking License
In most legal jurisdictions, a financial institution is required to obtain a banking licence before it is legally permitted to carry on a banking business. Besides other requirements, such a business is not permitted to contain in its name words such as ''bank'', ''insurance'', ''national'', etc, unless it holds an appropriate license. Depending on banking regulations, jurisdictions may offer different types of banking licenses, such as: * full banking licenses for general banking activities, such as taking deposits from the general public * international banking licenses (offshore banking licenses), which prohibits any local business activities * non-banking financial institution ( NBFI) is an institution that provides financial services but has to comply with fewer regulations than one with a full banking license. License issuance Licenses are typically issued by a national banking regulator to applicant corporations that meet its banking requirements. The requirements may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Inclusion
Financial inclusion is the availability and equality of opportunities to access financial services. It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which include banking, loan, equity, and insurance products. It provides paths to enhance inclusiveness in economic growth by enabling the unbanked population to access the means for savings, investment, and insurance towards improving household income and reducing income inequality. Financial-inclusion efforts typically target those who are unbanked or underbanked, and then direct sustainable financial services to them. Providing financial inclusion entails going beyond merely opening a bank account. Banked individuals can be excluded from other financial services. Having more-inclusive financial systems has been linked to stronger and more sustainable economic growth and development, thus achieving financial inclusion has become a priorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Remittance is more than three times as large as the total global foreign aid. In 2021, $780 billion was sent to 800 million people, while foreign aid totalled $200 billion. Most remittance flows from high-income countries to lower-income countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. A substantial share of remittance ends up in the hands of banks and money-transfer companies due to fees imposed on money transfers. Governments can play a vital role in enabling migrants to support their families more effectively by implementing measures that help reduce transa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Morocco
This is a list of commercial banks in Morocco, as published by the Bank Al-Maghrib in July 2021. List of commercial banks * Al Barid Bank, state-owned * , part of Arab Bank Group * Attijariwafa Bank * Banco Sabadell, part of Banco Sabadell Group * Bank Al-Amal, part-owned by BCP Group * Banque Centrale Populaire, part of BCP Group * Bank of Africa * Banque Marocaine pour le Commerce et l'Industrie (BMCI), part of BNP Paribas Group * Banque Populaire du Centre-Sud, part of BCP Group * Banque Populaire de Fes-Meknès, part of BCP Group * Banque Populaire de Laayoune, part of BCP Group * Banque Populaire de Marrakech - Beni Mellal, part of BCP Group * Banque Populaire de Nador - Al Hoceima, part of BCP Group * Banque Populaire d'Oujda, part of BCP Group * Banque Populaire de Rabat-Kénitra, part of BCP Group * Banque Populaire de Tanger-Tétouan, part of BCP Group * CDG Capital, part of the state-owned Caisse de Dépôt et de Gestion (CDG) Group * Crédit Agricole du Maroc (CAM), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Banks Of Morocco
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. Thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
