BACB Opens Representative Office in Casablanca
London-based British Arab Commercial Bank (BACB) announced on 15 June that it plans toset up a representative office in Casablanca, Morocco. BACB has already received approvalfrom the Moroccan monetary authorities to establish operations in the country as of thebeginning of July. BACB will join the country's 18 other banks bringing with it expertisein finance and trade projects. 40%-owned by HSBC Group, the bank...