Morocco

Morocco's banking system comprised 24 banks at end-2025 – 19 conventional and five participative – alongside 30 finance companies, six offshore banks, 10 microfinance institutions and 20 payment institutions supervised by Bank Al-Maghrib. Banks' balance sheets (activity in Morocco) grew 6.8% in 2025 to MAD 2,039bn, equivalent to 119% of GDP on the central bank's measure, while the 11 banking groups reported consolidated assets of MAD 2,597bn. Concentration is high: the three largest banks held 61.2% of sector assets and the five largest 76%. Seven banks are majority state-owned and five majority foreign-owned.