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It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services.
Palais Zahia building in the medina of Tangier, the State Bank of Morocco's head office from 1907 to 1952 The State Bank's building in Rabat, inaugurated 1925 and the seat of its executive management until succession by Bank Al-Maghrib in 1959 Building at 3, rue Volney in Paris, the State Bank of Morocco's "seat of administration" where board meetings were held from 1907 to 1922
Contact us; Contribute Help; ... as published by the Bank Al-Maghrib in July 2021. [1] List of commercial banks ... Bank Al-Amal, part-owned by BCP ...
Since 2003, he has been serving as the governor of Bank Al-Maghrib. [8] Jouahri, has consistently been recognized as one of the world's best central bankers. Global Finance Magazine featured him in their esteemed list in 2017, where he secured an A grade for his performance. [9]
In 2009, Commercial Bank of Egypt sold its 8% stake. At the time, the other shareholders were HSBC (49%), Libyan Foreign Bank (26%), Bank Al-Maghrib (8%), and Banque Extérieure d’Algérie (8%). Banque Centrale Populaire eventually bought out Bank Al-Maghrib and thus gained a stake in BACB.
On 2009-03-07 at 02:00 UTC, phone numbers in Morocco got another additional digit. A 5 was prepended to all fixed numbers while a 6 was prepended to mobile numbers. The 08 numbers became 080 and 09 became 089.
Attijariwafa Bank: Financials Banks Casablanca: 1904 Bank P A Banque Commerciale du Maroc: Financials Banks Casablanca: 1911 Bank, defunct 2004 P D Banque Populaire du Maroc (BCP) Financials Banks Casablanca: 1961 Bank P A Bank of Africa: Financials Banks Casablanca: 1959 Bank P A BMCI: Financials Banks Casablanca: 1943 Bank P A Casa Air ...
The global financial crisis affected the Moroccan economy in only a limited way. Morocco may be affected, by the slowdown of international economy, stirred by the global financial crisis, and whose maximum impact on national economy could decrease the GDP growth rate by at least one point in 2009, according to the Bank Al-Maghrib. [37]