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Morocco acquires a public company bank – Infomediaire

The Government Council, meeting on Thursday, adopted a bill n ° 44.20 modifying and completing the law 103.12 relating to credit institutions and similar organizations, indicated the Minister of National Education, Vocational Training, higher education and scientific research, Government spokesperson, Saaid Amzazi.

Presented by the Minister responsible for the Administration of National Defense in place of the Minister of Economy, Finance and Administrative Reform, this bill seeks to make amendments to articles 11, 19 and 61 Law 103.12 promulgated by Dahir No. 1-14-193 of 1st Rabii I 1436 (December 24, 2014), Amzazi said during a press briefing after the government council.

It is also a question of supplementing this law by article 19 Bis and this, in order to adapt its provisions with the bill n ° 36.20 relating to the transformation of the Central Guarantee Fund (CCG) into a company anonymous, he added.

Thus, it will be proceeded, at the level of articles 11 and 61 of the law 103.12, to the change of the denomination of the CCG to become “the public bank of the company” and to subject this company to all the provisions of this law, account given the widening of its missions to include the exercise of new activities, including the granting of loans to companies in accordance with conditions set by a circular from Wali Bank Al-Maghrib after consulting the committee of credit institutions.

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