New Chairman for Mediterranean Bank Network (MBN)

Mr. Hassan El Basri has been elected as chairman of the Mediterranean Bank Network (MBN).

Mr. El Basri, representing MBN member bank Banque Centrale Populaire du Maroc was elected at MBN's annual general meeting held this April 2013 and will serve in his role for a two-year term. He succeeds Ms. Catherine Monzat who represented MBN member bank BPCE Banques Populaire.

"It is a great honour and pleasure for me to have been asked to lead MBN and serve our membership and the banking industry," El Basri said. "In these challenging times Mediterranean Bank Network plays a stronger key role in bringing its members together and provide each member with the opportunity to nurture confidence and build trust with other member banks." The Mediterranean Bank Network (MBN) established in November 1996 is a non-profit banking organisation and strategic partnership between leading and medium sized Mediterranean banks. It is designed to promote inter-regional commercial and business relationships amongst its members. Each member bank enjoys sole and exclusive representation of its country of origin.

Mr. El Basri has vast experience in the financial services sector and has held positions within the Financing Department of Public Projects in Morocco and several positions at the Treasury Department including that as Head of the Division of Credit Institutions. He joined the Executive Board for Banque Centrale Populaire du Maroc in 2001 and served as Deputy Director General and Deputy Managing Director. Currently, Mr. El Basri holds the role of Chief Risk Officer. Banque Centrale Populaire du Maroc, one of Morocco's foremost leading banks, has the largest banking branch network in Morocco with a market share of over 28% of deposits and 25% of loans. Besides its widespread presence in Morocco, the Bank's network includes seven branches and a bank in Europe. It also holds ten banking subsidiaries in sub-Saharan Africa region.



Source: Mediterranean Bank Network
Date: 17.05.2013 [336]