T Capital weighs down CFG Bank’s accounts with more than €13m in bad debt
As the unprecedented crisis linked to Covid-19 hits the tourism sector, the Moroccan investment fund continues to try to bring some balance to the young Moroccan bank.
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▪ T Capital weighs down CFG Bank’s accounts with more than €13m in bad debt
▪ As the unprecedented crisis linked to Covid-19 hits the tourism sector, the Moroccan investment fund continues to try to bring some balance to the young Moroccan bank.
▪ https://www.africabusinessplus.com/en/804317/t-capital-plombe-les-comptes-de-cfg-bank-avec-plus-de-13-millions-e-de-creances-douteuses/
Established over a decade ago, tourism-focused Moroccan investment fund T Capital Group is struggling to generate sufficient income and is unable to repay its loans to its main creditor, CFG Bank SA, which is also one of its main shareholders.
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