In this regard, four Moroccan banks are included in Forbes' 2023 list of the 50 most valuable banks in the Middle East and North Africa.
Morocco's largest bank, Atiijariwafa Bank, ranked as the 18th most valuable in the region, followed by Banque Centrale Populaire (BCP Group), the second largest banking group in the country, in 24th position. Bank of Africa ranked 32nd.
Banco CIH also appeared in the ranking in 49th place. The ranking was largely dominated by Gulf country banks, as the list included Saudi Arabia and Emarati (both 10 Banks) and Qatar (eight Banks).
Forbes also noted that in Morocco the banking sector continues to grow, sustained by an expansion strategy at the continent level.
In 2021, it is pointed out that the three largest Moroccan banking groups controlled more than a fifth of the banking market in West Africa.
