The number of bank branches declines in 2023

Hibapress

The total number of active bank branches nationally fell to 5,811 in 2023, compared to 5,914 a year earlier, according to Bank Al-Maghrib (BAM).

This development results from the closure of 145 branches and the opening of 42 new ones, specifies BAM in a document on the national banking establishment for the 2023 financial year.

In detail, the national banking network has 5,606 branches of conventional banks in 2023, compared to 5,715 in 2022, 9 of off-shore banks and 196 of participatory banks instead of 190 in 2022.

By bank, Société Générale Marocaine de Banques (SGMA) closed 49 branches over the past year, while Attijariwafa Bank closed 33, Bank of Africa 28, BMCI 20, and Crédit Populaire du Maroc (CPM ) 15 agencies.

Furthermore, the CPM has the densest network with 1,372 branches, followed by Al Barid Bank (950), Attijariwafa bank (928), Bank Of Africa (653), Crédit Agricole du Maroc (495), CIH (327), SGMA (305), BMCI (270) and Crédit du Maroc (267).

At the level of participatory banks, Umnia Bank has the largest network with 52 branches, ahead of Bank Assafa (41) and Bank Al Yousr (25).

In terms of regional banking presence, the Casablanca-Settat region has the largest number of branches with 1,651, followed by Rabat-Salé-Kénitra (868), Fès-Meknes (674) and Tangier-Tétouan-Al Hoceima ( 555).

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