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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.
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
Bank Name: Rank in Top 100: Location: Owner: Attijariwafa Bank: 6: Casablanca: Al Mada (holding) - Morocco BCP Group: 8: Casablanca: Cooperative - Morocco Bank of ...
The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.
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 central Rabat office of Poste Maroc, designed by Adrien Laforgue and Albert Laprade, completed in 1918; [6] the head office of Bank Al-Maghrib (until 1959 the State Bank of Morocco), designed by Auguste Cadet and Edmond Brion and completed in 1925; [7] a building used by Maroc Telecom;
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) In 2007, the financial sector of Morocco maintained an economic environment conducive to further growth of banking activity following a very good year for the sector in 2006. Morocco's banks have been largely unaffected by the credit crisis due to their limited connection to global financial markets.