Moroccan banks to be probed over suspect high profitability
The country’s parliament will also probe the state-owned pension fund manager, and hopes to deliver its findings before the end of the year
Rabat — Moroccan legislators will investigate the profitability of banks before switching focus to cement makers as the government seeks to rally companies behind its efforts to revamp the economy and spur growth.
Parliament’s finance and economic development commission will probably start meetings with the central bank governor, the finance minister and industry representatives from April, said Abdellah Bouanou, the committee’s chair. It will aim to deliver its findings, which will include a probe of the state-owned pension fund manager, before the end of the year...