COMPANY OVERVIEW: Attijariwafa Bank is the leading bank in Morocco in terms of outstanding loans (25% as of December 2015), and number two in terms of deposits behind BCP. The group operates 3265 branches and started its geographical expansion outside Morocco in 2005. The bank now has branches in...
With the overhaul of the CSE’s board, the market is set to move forward in terms of product availability, regulation and international best practices. To better understand the demutualisation, a brief history of the stock is needed. Created in 1929, the CSE saw a lot of companies going public in the 1970s, in the wake of the “moroccanisation...
Following the publication of new banking legislation in the Journal Officiel in March 2015, Morocco is close to launching a fully-fledged Islamic banking segment (known locally as participative banking).
The banks of Morocco rank among the largest on the continent, with a regional footprint matched only by South Africa’s biggest lenders. Recent years have seen these institutions deepen programmes for small and medium-sized enterprises (SMEs) and expand cashless transactions. However, that is not to say that the industry is not facing some...
Attracted by higher levels of growth outside Morocco, the country’s three largest banks by assets have developed a substantial presence abroad, particularly in Africa, where all three have built multinational bank networks over the last decade. The main players, Attijariwafa Bank, Banque Centrale Populaire (BCP) and Banque Marocaine du...
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