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Halima DAKAK
Head of International Desk Morocco
Halima DAKAK
Head of International Desk Morocco
Last updated: September 2021
The Morocco International Desk supports business clients with a comprehensive service, particularly in the following areas: banking and para-banking advice, opening accounts (including MAD, foreign currency, convertible MAD and special markets), setting up financing, exchange regulations and assistance with setting up via its network of partners: getting established in Morocco, local branch, finding premises, recruitment, etc.
Crédit du Maroc also operates in supporting CA group individual clients through opening accounts and providing advice. Crédit Agricole draws on Crédit du Maroc which has been part of the Crédit Agricole Group since 1929. Based on the model of a locally-based global bank Crédit Morocco offers products and services to individual, professional and agricultural clients, as well as to businesses. Today Crédit Agricole holds 78.7% of Crédit Morocco’s capital.
Other of the Group’s business units present in Morocco:
Go to the Crédit Agricole Morocco site
For more information, see the list of the Crédit Agricole Group’s locations.
Crédit Agricole Morocco in figures:
Data 31/12/2019 – Source: BPI/FIN
Positioning and organisation of businesses on the market:
Crédit du Maroc (CdM) has historically been orientated towards large multinational businesses, a client base which it still services, particularly in close collaboration with teams from Crédit Agricole CIB. CdM is also developing its operations in the SME and mid-size market, which represents significant growth potential. The business clients are supported by specialised advisors in 10 business centres across Casablanca and the rest of Morocco. A Corporate department is specially dedicated to monitoring key accounts (multinationals and local groups generate more than 500 MMAD from CA). Its Centres of Expertise: Services, Real Estate & Construction, Industry, Agri-Agro, Multinationals.
General Information
Following years of strong growth, in 2016 the Mozambique economy saw a considerable deceleration.
In the medium term, Mozambique should, however, once again offer numerous business opportunities to French businesses, particularly in the following sectors:
The government has just approved a project to revise the commercial code and simplify procedures for registering companies and removing administrative barriers. With these changes the government wants to encourage informal trade towards the Euro, and a formal economy, improve the business environment, attract more national and foreign investments and increase the country’s competitiveness. Despite this initiative, the business environment currently remains difficult.
Means of Payment & Banking Specificities
To secure your payment we strongly recommend the use of a documentary credit confirmed with payment upon demand.
There is an increased risk of payment delays for unsecured transactions, generally due to the lack of strong currencies.
The Metical (Meticais, MZN) is not convertible and is subject to strict foreign exchange control.
The best currencies for billing currency exchanges are the Euro (EUR) and the US dollar (USD).
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