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The Bank Al-Maghrib (Arabic: بنك المغرب, lit. ' Bank of Morocco ') is the central bank of the Kingdom of Morocco. 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.
Bank Name: Rank in Top 100: Location: Owner: Attijariwafa Bank: 6: Casablanca: Al Mada (holding) - Morocco BCP Group: 8: Casablanca: Cooperative - Morocco Bank of ...
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 ...
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
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.
The Central Bank of Morocco, Bank Al-Maghrib, was granted enhanced autonomy in 2006. The bank, which follows the dual policy of controlling inflation and promoting growth, seems to be doing a good job. Morocco has largely had low levels of inflation. In 2006, its annual inflation was only 2.7%.
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]
Headquarters of Bank Al-Maghrib, Rabat, Morocco along Mohammed V Avenue. Items portrayed in this file ... Serial number of camera: 83A00895: Date metadata was last ...