Bad times for Moroccan banks in Europe

Moroccan banks established within the European Union face several challenges. One of them concerns the support activities they have been carrying out for decades, with full transparency and in accordance with European regulations. These latter include an unprecedented tightening of working conditions. Indeed, monetary authorities in the countries of the Old Continent have decided to suspend the intermediation activities carried out by the banking subsidiaries established in Europe on behalf of the Moroccan parent banks.