05/01/2006 Maghreb Confidential N°723

MOROCCO

France’s Caisse d’Epargne Buys into CIH
A move by the French establishment Caisse d’Epargne to buy into the ailing Credit Immobilier et Hotelier (CIH) came very shortly after the World Bank said it planned to lay out $200 million for Morocco’s banking sector, part of which would be used to mop up CIH’s bad loans. (...)   [171 words]   [€1,5]
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