[ad_1]
(Agence Ecofin) – The Moroccan banking group BMCE Bank of Africa has been granted permission by the China Banking Supervision Commission to open a second representative office in China, according to news reports. an alert given by Moroccan media who follow this process
This new branch will be opened in Shanghai and intervenes nearly 18 years after the opening of a first representative office in Beijing. It should play a catalytic role in the economic relations between China and Morocco.
Recall that since 2010, BMCE Bank is the main shareholder of the Bank of Africa group, which is present in 18 African countries, including the party sub-Saharan Francophone. With this new positioning, it could play an active role in trade finance and projects between China and the African continent.
[ad_2]
Source link
