A list of banks in Morocco includes all Islamic banks, commercial banks, private banks, local banks, domestic banks, foreign banks, and financial institutions.
Morocco is one of the most developed countries in the Africa continent. The Middle East country has been developing in the economical sectors of minerals, tourism, and agriculture.
Here are all the banks in Morocco mentioned below with brief descriptions.
Central Bank of Morocco
Bank Al-Maghrib – Bank Al-Maghrib is the central bank of Morocco that is based in Rabat and was founded in 1959. The bank is fully owned by the government of Morocco and the currency is the Moroccan dirham. The state-owned bank has services such as:
- owning reserves of foreign currency
- supervising commercial and private banks
- acting as a core bank for all the banks
- promoting financial services policy
Top Banks in Morocco
The top banks in Morocco which are national and foreign are given below.
Attijariwafa Bank is one of the leading multinational banks that is founded in Rabat in 2003. The bank has branches in Europe, the Uk, and Asia with a range of services.
Banque Populaire is one of the biggest commercial banks that is located in Casablanca. It has branches globally in Germany, England, Canada, Netherlands, Belgium, etc.
Bank of Africa is a popular private bank among Moroccan banks that has services such as consumer banking, corporate banking, finance and insurance, investment banking, etc since 1959.
BMCI is one of the largest commercial banks in Morocco that is owned by the foreign bank BNP Paribas. The bank serves huge customers nationally and internationally around the world.
CIH Bank is a widely known private bank among Moroccan banks that offers products like investment banking, retail banking, etc. It is focused on sectors like tourism, real estate business, and digital payments.
However, banks in Morocco represent the growth pace of the economical situation of the country.
Frequently Asked Questions:
1. Which bank is best in Morocco?
Attijariwafa Bank is the largest bank in Morocco and is also considered the best bank for customers.
2. What international banks are in Morocco?
BMCI which is owned by BNP is an international bank that is available in Morocco.
3. Can a foreigner open a bank account in Morocco?
The needed procedure depends on different bank authorities but the musts are an identity card or valid passport, employment or income proof, and a certificate of domicile.
Read more about banks:
Read international newspapers in Newspapers Store.