Traditional Banks - Morocco

  • Morocco
  • In 2024, it is projected that the Net Interest Income in the Traditional Banks market market in Morocco will reach US$12.63bn.
  • Traditional Commercial Banking dominates the market in Morocco with a projected market volume of US$11.62bn in 2024.
  • Looking ahead, the Net Interest Income is expected to exhibit an annual growth rate (CAGR 2024-2029) of 7.93%, resulting in a market volume of US$18.50bn by 2029.
  • When comparing globally, it is worth noting that China will generate the highest Net Interest Income, amounting to US$3,869.0bn in 2024.
  • Traditional banks in Morocco are facing increased competition from digital banking platforms, forcing them to adapt and innovate in order to stay relevant in the market.

Key regions: Germany, United Kingdom, France, Japan, China

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Traditional Banks market in Morocco is experiencing a shift in customer preferences, trends, and local special circumstances that are shaping its development.

Customer preferences:
Customers in Morocco are increasingly seeking personalized and convenient banking services from traditional banks. This includes a growing demand for digital banking solutions, such as online banking platforms and mobile applications, to access their accounts and conduct transactions with ease. Moreover, customers are placing a higher value on financial literacy and are looking for banks that can provide educational resources to help them make informed decisions about their finances.

Trends in the market:
One of the key trends in the Traditional Banks market in Morocco is the expansion of branch networks to reach more customers, especially in rural areas where access to banking services has been limited. This trend is driven by the government's efforts to promote financial inclusion and improve access to banking services across the country. Additionally, traditional banks in Morocco are increasingly focusing on offering innovative products and services, such as Islamic banking solutions, to cater to the diverse needs of customers in the market.

Local special circumstances:
Morocco's unique regulatory environment, characterized by a strong regulatory framework and supervision by the central bank, has played a significant role in shaping the Traditional Banks market in the country. The regulatory environment has fostered stability and confidence in the banking sector, attracting both domestic and foreign investment. Moreover, Morocco's strategic location as a gateway to Africa has positioned its banks to capitalize on the growing opportunities in the region, driving further growth and development in the market.

Underlying macroeconomic factors:
The growth of the Traditional Banks market in Morocco is also influenced by underlying macroeconomic factors, such as economic growth, stability, and government initiatives to promote financial inclusion. The country's stable economic environment, coupled with ongoing reforms to enhance the business climate, has created favorable conditions for the banking sector to expand and innovate. Additionally, Morocco's strategic partnerships with international financial institutions have facilitated knowledge transfer and technology adoption in the banking industry, further driving its development.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.

Additional Notes:

The market is updated twice per year in case market dynamics change.

Overview

  • Net Interest Income
  • Analyst Opinion
  • Deposits
  • Loans
  • Credit Card Interest Income
  • ATMs & Bank Branches
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)