VOL. XXXVII

NO. 42

18-JULY-1994

Financial and Banking News

Capital Markets

Morocco Plans To Privatize Its Second Biggest Bank

The Moroccan Government is preparing to sell its majority holding in thecountry's second largest bank, Banque Marocaine du Commerce Exterieur (BMCE).When completed, possibly by the end of the year, the sale could lead on to theprivatization of other Moroccan commercial banks in which government agencieshold significant shares, such as Banque Centrale Populaire and Banque...