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Morocco Banks





Arab Bank Established in 1930, Arab Bank has evolved from a small bank into one of the largest financial institutions in the Middle East. Today, the Group has the largest worldwide Arab branch network, with over 400 branches in 29 countries spanning 5 continents, participating in financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain. Arab Bank sells products in personal banking, corporate and investment banking (CIB), AB Private Banking and treasury.
Attijariwafa Bank Attijariwafa Bank is the largest bank in Morocco and the third one in Africa. It was established after a merger between Banque Commerciale du Maroc and Wafabank. According to its website, the bank has more than 1.5 million customers[1]]. The bank maintains offices in Paris, Brussels, Madrid, Barcelona, Milan, Shanghai, Tunisia, Senegal and Mali.
Bank Al-Maghrib The Bank Al-Maghrib is the central bank of the Kingdom of Morocco. It was founded in 1959, and is based in Rabat. It holds reserves of foreign currency with an estimated worth of USD 22 billion (2006 worth). In addition to currency management, the Bank Al-Maghrib also supervises a number of privatized banks supplying retail services.
Banque Commerciale du Maroc Banque Commerciale du Maroc or B.C.M. was a bank founded in 1911 in Morocco. Deutsche Bank and le Crédit Industriel et Commercial were among the shareholders of B.C.M. In 1999, the capital of B.C.M. was 1,325,000,000.00 Moroccan Dirhams for a total of 13,250,000 shares and its headquarters were located in 2, Boulevard Moulay Youssef, Casablanca, Morocco. And in 2002, the capital of Wafabank was 639,482,700 Moroccan dirhams.
In 2004 Banque Commerciale du Maroc made an Increase in share capital by contribution in kind following exchange offer (Wafabank/BCM), the number of Securities issueds was 5,580,421 and the Methods of exchange (7 BCM per 8 Wafabank), then there was an Increase in share capital following the Wafabank merger and the number of Securities issueds was 34,038 and the Methods of exchange was Reserved to the shareholders of Wafabank, then followed the Amendment of company name to Attijariwafa Bank with a total number of shares of 19,299,596.
As of July 2008, the capital of Attijariwafa Bank is 1,929,959,600.00 Moroccan dirhams and its headquarters are the same headquarters B.C.M. had in the early 80s, 2, Bd Moulay Youssef, Casablanca.
BMCE Bank BMCE Bank (Acronym in French: Banque Marocaine du Commerce Extérieur) is a large commercial bank in Morocco. According to the company's website, it operates over 100 branches in Morocco alone. There are branch offices in France, Spain, England, China, Italy, Germany, Japan, Belgium and Netherlands
The bank's stock is listed on the Bourse de Casablanca, or the Casablanca Stock Exchange.
BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665) is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Together with Société Générale and Crédit Lyonnais (now known as LCL), it is one of the "three old" banks of France. It is a constituent of the CAC 40 index.
On 9 August 2007, BNP Paribas announced that it could not fairly value the underlying assets in three funds as a result of exposure to U.S. subprime mortgage lending markets.[2] Faced with potentially massive (though unquantifiable) exposure, the European Central Bank (ECB) immediately stepped in to ease market worries by opening lines of €96.8 billion (then US$130 billion) in low-interest credit.[3] The long term debt of the group is currently ranked AA+ by S&P, Aa1 by Moody's and AA by Fitch.
Crédit Lyonnais Crédit Lyonnais is a historic French bank. In the early 1990s it was the largest French bank, majority state-owned at that point. Crédit Lyonnais was the subject of poor management during that period which almost led to its bankruptcy in 1993. It was acquired by another French bank (Crédit Agricole) in 2003 and is now known as LCL (Le Crédit Lyonnais).
Groupe Banque Populaire Groupe Banque Populaire is a French Group of Cooperative banks. It is controlled by 21 regional banks.
In 2006, Groupe Banque Populaire has created a new company with another French cooperative banking group, Groupe Caisse d'Epargne in order to create Natixis. The new Investment Bank is the result of the spin-off of the two Investment Banks of the two groups : Banque Populaire's Natexis and Caisse d'Epargne's IXIS Corporate and Investment Bank. Natixis is equally controlled by the two groups.
Société Générale Société Générale (Euronext: GLE) is one of the main European financial services companies and also maintains extensive activities in others parts of the world. It is headquartered in France with the main head office in Tours Société Générale in the business district of La Défense west of Paris. The three main divisions are Retail Banking & Specialized Financial Services (particularly in France and Eastern Europe), Corporate and Investment Banking (Derivatives, Structured Finance and Euro Capital Markets) and Global Investment Management & Services. Société Générale is one of the oldest banks in France. The original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France (English: General Company for the Support of the Development of Commerce and Industry in France). Société Générale is often nicknamed SocGen in the international financial world. The long term debt of the group is currently ranked AA by S&P, Aa2 by Moody's and AA- by Fitch. The 2007 financial results were sharply lower, affected by depreciations and a fraud of € 4.9 billion.
Wafa Bank Wafa Bank is a defunct private bank in Morocco. A fusion with Banque Commerciale du Maroc gave birth to Attijariwafa Bank.
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Above may be not an exhaustive list of banks in this country. Also, the information might be outdated or wrong.

Some of the information placed above may have been taken from:
Wikipedia
www.banks.az
mbendi.co.za

Information from Wikipedia is available under the terms of the GNU Free Documentation License.





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