Tuesday, November 26

Morocco’s BMCE Bank Posts 4 Pct Rise In Net Profit For 2016

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Reuters
by Samia Errazzouki

Morocco

Moroccan lender BMCE Bank of Africa said on Thursday its net profit rose 4 percent in 2016, reaching a record 2 billion dirhams ($204 million).

BMCE cited growth in banking activities as the reason for the profit boost, in a statement carried by L’Economiste newspaper.

(Reporting by Samia Errazzouki, editing by David Evans)

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