The Maghreb Bank of Investment and Foreign Trade (BMICE) has just signed a line of credit with New Bank of Mauritania (NBM) as part of its programs to boost inter-Maghreb trade.
The agreement was signed on June 26 in Tunis by Noureddine Zekri, CEO of BMICE and Abdel Baghi Ahmed Bouha, CEO of the NBM.
Launched in 2014, the New Bank of Mauritania has a capital of 6 billion ouguiyas, or about 20 million US dollars held by nationals.
Result of the action of national economic actors and the combination of Mauritanian skills, the NBM “affirms its rooting in Islamic values and principles, while accompanying modernity and economic progress. All its banking operations are Islamic finance, “said its CEO at the launch.
READ THE EXCLUSIVE INTERVIEW WITH NOURREDINE ZEKRI, DG OF BMICE
The Maghreb Bank of Investment and Foreign Trade (BMICE) aims to strengthen the integration of the five countries of the Arab Maghreb Union (UMA): Libya, Tunisia, Algeria, Morocco and Mauritania.