Benjelloun frustrated by Al Baraka’s refusal to bail out Moroccan BTI Bank
Five years after becoming an equal partner with Bank of Africa in Bank Al-Tamweel Wa Al-Inma (BTI Bank), the Bahraini Al Baraka Banking Group has decided not to invest further in the joint Moroccan participatory finance subsidiary, whose profitability remains modest.
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▪ Benjelloun frustrated by Al Baraka’s refusal to bail out Moroccan BTI Bank
▪ Five years after becoming an equal partner with Bank of Africa in Bank Al-Tamweel Wa Al-Inma (BTI Bank), the Bahraini Al Baraka Banking Group has decided not to invest further in the joint Moroccan participatory finance subsidiary, whose profitability remains modest.
▪ https://www.africabusinessplus.com/en/812975/benjelloun-frustrated-by-al-barakas-refusal-to-bail-out-moroccan-bti-bank/
According to a report by Africa Business+, the Bank of Africa carried out a capital increase of MAD 30 million (€2.9 million) last month, which diluted Al Baraka Banking Group‘s stake to below 44% of the capital.
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