VOL. XLIV

No. 09

26-February-2001

MOROCCO

Nine Moroccan Banks Sign $140Mn Refinancing Deal For CIH

Nine Moroccan banks on 14 February signed a $140mn refinancing package to restructure Credit Immobilier et Hotelier (CIH), according to the bankers association Groupement Professionnel des Banques du Maroc (GPBM). The nine banks involved are Wafabank, Banque Marocaine pour le Commerce et lIndustrie (BMCI), Banque Commerciale du Maroc (BCM), Banque Marocaine du Commerce Exterieur (BMCE), state-run...