UBI Banca Group has obtained an authorization from the Moroccan Central Bank, and acquired the CFC status delivered by the CFC Commission in order to open a representative office in Casablanca Finance City (CFC). This platform, created by Moroccan authorities in 2010, aims to position Casablanca as an important regional financial centre, able to attract international and African companies and constitute a base for the development of their activities in northern, western and central Africa.

The office will be managed by Abdelkrim Sbihi, and formerly the CFO of an important Group operating in the retail sector in Morocco. Abdelkrim Sbihi has acquired experience in Morocco, Europe and the United States and has worked at Credit Agricole Morocco and the Attijariwafa Bank holding a variety of positions including Head of the Foreign Exchange Desk, Corporate Trader and Correspondent Banking Officer.