Skip to main content

THE MOROCCAN DEPOSIT INSURANCE CORPORATION

THE MOROCCAN DEPOSIT INSURANCE CORPORATION

Meeting of the Borad of Directors of the Moroccan Deposit Insurance Corporation of the year 2022

English

The Board of Directors of the Moroccan Deposit Insurance Corporation (Société Marocaine de Gestion des Fonds de Garantie des Dépôts Bancaires -SGFG) held its meeting on March 30th , 2022 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, Lhassane BENHALIMA and El Hadi CHAÏBAÏNOU, respectively General Director of Bank Al-Maghrib, Managing Director of SGFG and Managing Director of Moroccan Banking Association (GPBM) took also part in this meeting. Mr. Abderrahim NASSIRI, Deputy-Head of the 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 2022 financial statements. The Board also reviewed the reports of the Chairs of the Investment Committee, the Remuneration and Nomination committee and the Audit and Risks Committee. The Board then approved the SGFG’s Strategic Plan 2022/2024 as well as the action plan and budget for 2022 and adopted the draft of resolutions to be submitted to the next AGM.

ca sgfg