UNICAJA spreads its wings to Morocco

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UNICAJA SPREADS ITS WINGS TO MOROCCO

Friday, 22 Aug 2008

Purchasing property in Morocco just got a whole lot easier. This is due to the fact that Unicaja is spreading its wings to fly further than ever before. Unicaja, the Andalusian Banking Entity, and the main banking institution in Morocco, the Banque Centrale Populaire (BSP), have reached an agreement. These two bodies shall be working hand in hand on the financing of imports and exports, including financing the selling and buying of property in Spain, but ensuring that money transfers between the two countries become far easier, especially with regards to with in investment banking and training.

Investment banking includes the purchase of property in Morocco and Spain, and this new agreement will allow Unicaja to open a branch in Casablanca, the headquarters of Banque Centrale Populaire and also Madrid’s BCP, which enables an exchange of delegates, and making the opening of common accounts simpler. The president of Unicaja, Braulio Medel, and the General Director of BCP Mohammed Benchaaboun, reached the agreement which will offer financial assistance to individuals and companies with investor interests in Morocco, as well as vice versa. They embody the good example of a great relationship between two financial entities.

In commercial transactions, both bodies will contribute to their financial services in both Morocco and Spain, giving customers the service they have come to expect in their respective countries, and this includes anyone investing in property in Morocco. Non-customers, who are interesting in growing their business interests to either Spain or Morocco, shall find both of these financial institutions willing and able to assist.

Anyone interested in purchasing property or accommodation in Morocco or Spain at this time, will enjoy the full potential of the collaboration of BCP and the Andalusian Banking institution "Unijaca", and their partnership in the financing of imports and exports, growing the cooperative service to open common accounts with distinctive conditions for all companies and persons wishing to invest in property in Morocco or Spain respectively.