Latest news with #SahamBank
Ya Biladi
28-07-2025
- Business
- Ya Biladi
Saham Bank launches Saham Paiements to boost electronic payments in Morocco
Saham Bank has unveiled Saham Paiements, a new subsidiary dedicated to providing cutting-edge electronic payment solutions. This initiative is a strategic response to the burgeoning demand for digital payment methods and the evolving needs of Moroccan consumers. The subsidiary is set to cater to local merchants, small businesses, and larger retail chains with multiple locations. It offers state-of-the-art payment terminals, including fixed, portable, and e-commerce devices, as well as mobile payment options leveraging smartphone NFC technology. The comprehensive service package includes installation, training, and ongoing technical support for merchants. «With Saham Paiements, our goal is straightforward: to transform electronic payment collection into a seamless, secure, and efficient experience for all merchants», declared Asmae Hajjami, General Director of Saham Bank. Mohamed El Morabit, General Director of Saham Paiements, emphasized the company's commitment to offering «robust technology, personalized service, and reliability» to facilitate merchants' digital transition. Beyond merely providing technology, the subsidiary aims to be a catalyst for digital transformation within Moroccan commerce. Saham Paiements is poised to drive the growth of electronic payments in a market projected to exceed 100 million transactions annually in proximity commerce.
Business Wire
18-07-2025
- Business
- Business Wire
SAHAM BANK Secures €55 Million From EBRD to Boost Green Finance in Morocco
CASABLANCA, Morocco--(BUSINESS WIRE)--SAHAM BANK has reaffirmed its commitment to green finance through a strategic partnership with the European Bank for Reconstruction and Development (EBRD), under the newly launched Green Economy Financing Facility Plus (GEFF Plus). Supported by the Green Climate Fund (GCF), the European Union (EU), and the Government of Canada (through the HIPCA fund), the initiative will mobilize €55 million in funding for SAHAM BANK. This financing will be channeled into two dedicated credit lines aimed at accelerating the green transition of Morocco's private sector. In addition to financial support, the partnership includes technical assistance funded by the EU and GCF, as part of Morocco's Decarbonisation and Climate Resilience Programme. This support will help strengthen SAHAM BANK's internal capabilities in green finance and develop banking products aligned with environmental challenges. This collaboration represents a significant milestone in SAHAM BANK's sustainable development strategy. It underscores the bank's long-term vision to foster a responsible banking model, focused on green growth and sustainable value creation for the Moroccan economy. This operation illustrates the transformation dynamic initiated by the bank following its change of ownership. Its trajectory is guided by the vision of SAHAM GROUP, chaired by Moulay Hafid Elalamy, who is also Chairman of the supervisory Board of SAHAM BANK. A prominent Moroccan economic player, combining strong local roots with an international outlook, SAHAM GROUP currently operates in high-potential sectors such as finance, customer experience, education, agriculture, and real estate. About Saham Bank Founded in 1913, Saham Bank — formerly Société Générale Marocaine de Banques (SGMB) — is one of Morocco's oldest and most respected banking institutions. Over the past century, it has played a central role in the country's economic development. Saham Bank serves a diverse clientele, including individuals, professionals, and businesses, offering a comprehensive range of financial products and services tailored to their needs. The bank remains committed to innovation, service quality, and sustainable development, while continuing to strengthen its position as a key player in the Moroccan banking sector.
Ya Biladi
18-07-2025
- Business
- Ya Biladi
Saham Bank secures €55 million from EBRD to boost green economy in Morocco
Saham Bank has secured €55 million (578 million dirhams) from the European Bank for Reconstruction and Development (EBRD) through a strategic partnership aimed at promoting green economy initiatives in Morocco. The funding falls under the new GEFF Plus (Green Economy Financing Facility) program. The €55 million package, supported by the Green Climate Fund (GCF), the European Union, and the Canadian government via the HIPCA fund, will establish two dedicated credit lines to finance private Moroccan projects focused on energy transition and sustainable development, reads a press release by Saham Bank on Friday. Technical assistance funded by the EU and GCF will accompany the financing and is integrated into Morocco's Decarbonization and Climate Resilience Program. This support aims to strengthen Saham Bank's internal capacities in green finance and help develop climate-aligned financial products. This partnership marks a key milestone in the bank's sustainability strategy since its ownership transition. Originally established in 1913 as a subsidiary of France's Société Générale, the bank was acquired by Morocco's Saham Group in April 2024 and officially rebranded as Saham Bank in June 2025.
Ya Biladi
19-06-2025
- Business
- Ya Biladi
Société Générale Maroc becomes Saham Bank, reveals new ambitions
Six months after being acquired by the Saham Group, Société Générale Marocaine de Banques (SGMB) has officially rebranded as Saham Bank. The name change marks the end of the first phase of its transformation and the start of a new chapter, one that blends nearly a century of banking experience with a bold, forward-looking vision. Positioning itself as a next-generation bank, Saham Bank combines the legacy and discipline of an established institution with the entrepreneurial energy of its new shareholder. The shift comes with a renewed focus on customer experience, simplified services with real impact, a more agile leadership culture, and a stronger presence on the ground. Early signs are promising. The bank reported a 16.97% rise in net profit in Q1 2025, reaching 420 million dirhams, a clear signal that the strategy is already gaining traction. Stable Governance with a Renewed Vision Unveiled in Casablanca on June 18, Saham Bank is backed by stable leadership. Saham Group founder Moulay Hafid Elalamy now chairs the Supervisory Board, joined by Moulay M'Hamed Elalamy as vice president. Ahmed El Yacoubi continues as Chairman of the Management Board, with his existing team in place, ensuring operational continuity while aligning with Saham's long-term vision. Since the transition, the bank has begun redesigning its customer journey for clarity and efficiency, rolling out new offers built around real value, and evolving its internal culture to emphasize local engagement, teamwork, and initiative. Looking Ahead: A New Strategy for Moroccans Abroad? Saham Bank is also rolling out a new visual identity, modern and distinctive, yet still recognizable. The goal, says leadership, is to deliver «the best of both worlds»: honoring SGMB's legacy while building a more personal, accessible banking experience. When asked by Yabiladi about plans for Moroccans living abroad (MREs), El Yacoubi admitted this market has been overlooked. «We currently hold just 4% of the MRE market. With Saham, we've been asked to rethink that», he said. A new strategy is in the works to offer tailored, competitive solutions for Moroccans around the world.
Ya Biladi
18-06-2025
- Business
- Ya Biladi
Société Générale Maroc becomes Saham Bank, reveals new ambitions
Six months after being acquired by the Saham Group, Société Générale Marocaine de Banques (SGMB) has officially rebranded as Saham Bank. The name change marks the end of the first phase of its transformation and the start of a new chapter, one that blends nearly a century of banking experience with a bold, forward-looking vision. Positioning itself as a next-generation bank, Saham Bank combines the legacy and discipline of an established institution with the entrepreneurial energy of its new shareholder. The shift comes with a renewed focus on customer experience, simplified services with real impact, a more agile leadership culture, and a stronger presence on the ground. Early signs are promising. The bank reported a 16.97% rise in net profit in Q1 2025, reaching 420 million dirhams, a clear signal that the strategy is already gaining traction. Stable Governance with a Renewed Vision Unveiled in Casablanca on June 18, Saham Bank is backed by stable leadership. Saham Group founder Moulay Hafid Elalamy now chairs the Supervisory Board, joined by Moulay M'Hamed Elalamy as vice president. Ahmed El Yacoubi continues as Chairman of the Management Board, with his existing team in place, ensuring operational continuity while aligning with Saham's long-term vision. Since the transition, the bank has begun redesigning its customer journey for clarity and efficiency, rolling out new offers built around real value, and evolving its internal culture to emphasize local engagement, teamwork, and initiative. Saham Bank is also rolling out a new visual identity, modern and distinctive, yet still recognizable. The goal, says leadership, is to deliver «the best of both worlds»: honoring SGMB's legacy while building a more personal, accessible banking experience. When asked by Yabiladi about plans for Moroccans living abroad (MREs), El Yacoubi admitted this market has been overlooked. «We currently hold just 4% of the MRE market. With Saham, we've been asked to rethink that», he said. A new strategy is in the works to offer tailored, competitive solutions for Moroccans around the world.
