List of banks in Morocco

Last updated

This is a list of commercial banks in Morocco .

Top banks

Eight Moroccan banks featured in the To 100 ranking of African banks by Tier 1 capital, published in 2023 by African Business: [1]

Contents

Bank NameRank in Top 100LocationOwner
Attijariwafa Bank 6 Casablanca Al Mada (holding) - Morocco
BCP Group 8 Casablanca Cooperative - Morocco
Bank of Africa 11 Casablanca Othman Benjelloun - Morocco
Société Générale Morocco 24 Casablanca Société Générale - France
BMCI 35 Casablanca BNP Paribas - France
Crédit du Maroc 43 Casablanca Groupe Holmarcom  [ fr ] - Morocco
CIH Bank 49 Casablanca Caisse de dépôt et de gestion - Morocco
Fonds d'Équipement Communal 58 Casablanca State of Morocco

Other banks

Defunct banks

Resources

See also

Related Research Articles

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Casablanca Technopark is an information technology business cluster complex located at Casablanca, Morocco. It was inaugurated in October 2001.

<span class="mw-page-title-main">Attijariwafa Bank</span> Moroccan banking company

Attijariwafa bank is an international financial services group headquartered in Casablanca, Morocco. Since its formation in 2004 by merger between Banque Commerciale du Maroc and Wafabank, it has been the leading bank in Morocco and kept that rank as of 2024. It is listed on the Casablanca Stock Exchange.

<span class="mw-page-title-main">Banque Commerciale du Maroc</span> Commercial Bank of Morocco

Banque Commerciale du Maroc was a bank founded in 1911, shortly ahead of the establishment of the French protectorate in Morocco. The bank was initially controlled by France's Banque Transatlantique, then from 1941 by the Crédit Industriel et Commercial, and from 1988 by Morocco's ONA Group. In 2004, it merged with Wafa bank to form Attijariwafa Bank.

Wafabank was a private bank in Morocco. It was the successor in Morocco of the Compagnie Algérienne, which had established its first Moroccan branch in Tangier in 1904, later complemented by branches in Casablanca and other Moroccan cities. By 1959, the Compagnie Algérienne had 38 branches in Morocco, the largest network in the country.

<span class="mw-page-title-main">BMCI</span> Moroccan bank

The Banque Marocaine pour le Commerce et l'Industrie is a bank in Morocco, headquartered in Casablanca. It is majority-owned subsidiary of Paris-based BNP Paribas (BNPP), and originates from the Moroccan operations of a predecessor of BNPP, the Banque Nationale pour le Commerce et l'Industrie (BNCI).

BCP Group, also referred to as Crédit Populaire du Maroc and popularly known under the brand Banque Populaire or Chaabi, is a major financial services group in Morocco, headquartered in Casablanca. The acronym BCP stands for the group's central entity, the Banque Centrale Populaire which also operates retail services in the region of Casablanca and El Jadida. The group also comprises eight regional entities known as Banques Populaires Régionales: these are, respectively, Centre-Sud, Fez-Meknes, Laayoune, Marrakesh-Beni Mellal, Nador-Al Hoceima, Oujda, Rabat-Kenitra, and Tangier-Tétouan.

<span class="mw-page-title-main">Bank of Africa</span> International bank headquartered in Morocco

Bank of Africa (BOA) is an international financial services group headquartered in Casablanca, Morocco. It was formed through the 2010 acquisition of Bank of Africa by the Banque Marocaine du Commerce Extérieur, following which BMCE rebranded its commercial operations as Bank of Africa in 2020. The BMCE name survives in the byline "BMCE Group" incorporated in the BOA brand identity.

<span class="mw-page-title-main">Akwa Group</span> Conglomerate company headquartered in Casablanca

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<span class="mw-page-title-main">Banque Nationale pour le Commerce et l'Industrie</span> French bank active from 1932 to 1966

The Banque nationale pour le commerce et l'industrie was a major French bank, active from 1932 to 1966 when it merged with Comptoir national d'escompte de Paris to form Banque Nationale de Paris (BNP). It was itself the successor of the Comptoir d'Escompte de Mulhouse, a bank founded in 1848 under the Second French Republic that had become German following the Franco-Prussian War, and its French subsidiary formed in 1913, the Banque Nationale de Crédit.

<span class="mw-page-title-main">Caisse de dépôt et de gestion</span> Moroccan state-owned financial institution

The Caisse de dépot et de gestion is a state-owned financial institution which manages long-term savings in Morocco. Given its substantial assets it also acts as a large investor in the country, especially in the tourism sector. It possesses many subsidiaries operating in various sectors of the Economy.

<i>Compagnie Algérienne</i> French bank

The Compagnie Algérienne, from 1942 to 1948 Compagnie Algérienne de Crédit et de Banque, was a significant French bank with operations in Algeria, Morocco, Tunisia and Lebanon as well as mainland France. It was formed in 1877 in a restructuring of its predecessor entity, the Société Générale Algérienne, itself founded in 1865-68. The Compagnie Algérienne eventually merged in 1960 with the Banque de l'Union Parisienne. Following a series of subsequent restructurings, its main successor entities as of 2022 are the Crédit du Nord in France, the Crédit populaire d'Algérie in Algeria, the Banque de Tunisie in Tunisia, Attijariwafa Bank in Morocco, and the Banque Libano-Française in Lebanon.

Mustapha Faris was a banker, statesman and Moroccan author.

<i>Crédit Foncier dAlgérie et de Tunisie</i> French bank

The Crédit Foncier d'Algérie et de Tunisie was a French colonial bank. It was originally founded in 1880 as the Crédit Foncier et Agricole d'Algérie, an Algerian affiliate of Crédit Foncier de France, and took its name CFAT in 1909 following expansion to Tunisia. In 1963, following Algerian independence, it renamed itself as Société Centrale de Banque (SCDB). It was acquired by Société Générale in 1971 and eventually absorbed by it in 1997. Its former overseas operations have become part of Banque Nationale d'Algérie in Algeria, Amen Bank in Tunisia, Société Générale in Morocco, and Fransabank in Lebanon.

<span class="mw-page-title-main">Société Générale Morocco</span> Moroccan bank

Société Générale Morocco, formal name the Société Générale Marocaine de Banques since 1965 (SGMB), is the Moroccan subsidiary of Société Générale, headquartered in Casablanca and originally established in 1913. In April 2024, Société Générale announced the sale of its majority stake in SGMB to the Saham Group controlled by Moroccan financier Moulay Hafid Elalamy.

References

  1. Hiba El Bouchtaoui (4 October 2023). "8 Moroccan banks make it to Africa's top 100". Hespress English.