Sunday, 7 December 2008

Attijariwafa Bank expands branch network

Morocco's Attijariwafa Bank has just bought Credit Agricole's African branches. The transaction includes assets in Congo, Cameroon, Gabon, Senegal and a consideration of 250 million euros.

In turn, Credit Agricole is purchasing 24 percent of Credit du Maroc, held by Wafa Assurance (the insurance branch of Attijariwafa Bank) for 144 million euros.

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