List of Banks in Morocco and Private Financial Services Morocco

meeting

 

Major banks
 
Attijariwafa Bank
Banque Populaire du Maroc
BMCE Bank
BMCI
Société Générale Maroc
Crédit Agricole du Maroc
Crédit du Maroc
Crédit Immobilier et Hôtelier
 
Other banks
 
Arab Bank Maroc
Banco Immobiliario & Mercantil de Marruecos
Bank Al Amal
Bex-Maroc
Caisse Interprofessionnelle Marocaine de Retraites
Caisse Marocaine des Marches
Caisse Mutualiste Interprofessionelle
Caisserie Commerciale
Citibank Maghreb
Commerzbank
Limar Bank Casa Union Marocaine de Banques
Raw-Mat Bank
Societe de Banque & de Credit
Societe Mithaq Al Maghreb
Union Bancaria Hispano Marroqui Uniban
Union Marocaine de Banques
 
Defunct banks
 
Banque Commerciale du Maroc
Banque Marocaine pour l'Afrique et l'Orient
Banque Nationale pour le Developpement Economique
Societe Marocaine de Depot et Credit
Wafabank
 
Economy—overview: Morocco faces the problems
 
 Typical of developing countries—restraining government spending reducing constraints on private activity and foreign trade and keeping inflation within manageable bounds. Since the early 1980s the government has pursued an economic program toward these objectives with the support of the IMF the World Bank and the Paris Club of creditors. The dirham is now fully convertible for current account transactions; reforms of the financial sector have been implemented; and state enterprises are slowly being privatized. Drought conditions in 1997 depressed activity in the key agricultural sector holding down exports and contributing to a 2.2% contraction in real GDP. Favorable rainfalls in the fall of 1997 have led to forecasts of robust 8%-9% real GDP growth in 1998. Servicing the external debt preparing the economy for freer trade with the European Union improving education and living standards and finding jobs for Morocco's youthful population remain long-term challenges.
 
GDP: purchasing power parity—$107 billion (1997 est.)
 
GDP—real growth rate: -2.2% (1997 est.)
 
GDP—per capita: purchasing power parity—$3 500 (1997 est.)
 
GDP—composition by sector:
 
agriculture: 14%
 
industry: 33%
 
services: 53% (1997)
 
Inflation rate—consumer price index: 3% (1997 est.)
 
Labor force:
 
total: 7.4 million
 
by occupation: agriculture 50% services 26% industry 15% other 9% (1985)
 
Unemployment rate: 16% (1997 est.)
 
Budget:
 
revenues: $10.4 billion
 
expenditures: $10.75 billion including capital expenditures of $1.9 billion (1996 est.)
 
Industries: phosphate rock mining and processing food processing leather goods textiles construction tourism
 
Industrial production growth rate: 4.5% (1996 est.)
 
Electricity—capacity: 3.788 million kW (1995)
 
Electricity—production: 10.8 billion kWh (1995)
 
Electricity—consumption per capita: 411 kWh (1995)
 
Agriculture—products: barley wheat citrus wine vegetables olives; livestock
 
Exports:
 
total value: $6.9 billion (f.o.b. 1996)
 
commodities: food and beverages 30% semiprocessed goods 23% consumer goods 21% phosphates 17% (1995 est.)
 
partners: EU 63% Japan 7.7% India 6.6% US 3.4% Libya 3.4% (1996 est.)
 
Imports:
 
total value: $9.7 billion (c.i.f. 1996)
 
commodities: semiprocessed goods 26% capital goods 25% food and beverages 18% fuel and lubricants 15% consumer goods 12% raw materials 4% (1995 est.)
 
partners: EU 57% US 6.6% Saudi Arabia 5.3% Brazil 2.8% (1996 est.)
 
Debt—external: $23.4 billion (1996 est.)
 
Economic aid:
 
recipient: ODA $297 million (1993)
 
note: $2.8 billion debt canceled by Saudi Arabia (1991)
 
Currency: 1 Moroccan dirham (DH) = 100 centimes
 
Exchange rates: Moroccan dirhams (DH) per US$1—9.822 (January 1998) 9.527 (1997) 8.716 (1996) 8.540 (1995) 9.203 (1994) 9.299 (1993)
 
Fiscal year: July 1-June 30 

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Open a Bank Account, financial services. SWIFT codes. Trust Formation and Private Banking Services. Financial Centers and Asset Management. Offshore Accounts, Tax Laws, Swiss Banks. IBAN codes, telephone and contact information. Commercial banks, central, retail and private banking. Defunct and closed banks. Directory, yellow pages and wiki. White pages and business listings. Companies and corporations.