The Board of Directors of the Moroccan Deposit Insurance Corporation (Société Marocaine de Gestion des Fonds de Garantie des Dépôts Bancaires -SGFG) has held its meeting on March 25th, 2021 under the Chairmanship of Mr. Abdellatif JOUAHRI, Governor of Bank Al Maghrib. This meeting was attended by Mr. Othman BENJELLOUN, Chief Executive Officer of Bank of Africa, Mr. Mohamed KARIM MOUNIR, Chief Executive Officer of Banque Centrale Populaire, Mr. Mohamed EL KETTANI, Chief Executive Officer of Attijariwafa Bank Group, as well as Mr. Mohamed EL HAJJOUJI and Mr. Moulay Driss IDRISSI BICHR, independent members.
MM. Abderrahim BOUAZZA and Lhassane BENHALIMA, respectively General Director of Bank Al-Maghrib and Managing Director of SGFG took also part in this meeting. Mrs. Hiba ZAHOUI, Head of Banking Supervision Department of Bank Al-Maghrib attended this meeting along with SGFG’s executives and the external auditor of SGFG.
The Board of Directors reviewed the management reports of the SGFG and the Deposit Insurance Fund (FCGD) and closed their 2020 financial statements. The Board also reviewed the reports of the Chairs of the Investment Committee, the Remuneration and Nomination committee, the Audit and Risks Committee. The Board then approved the SGFG’s Action Plan for 2021 and adopted the draft of resolutions to be submitted to the next AGM.
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