Traditional Commercial Banking - Morocco

  • Morocco
  • In Morocco, the Traditional Commercial Banking market market is expected to witness a substantial increase in Net Interest Income, reaching US$11.62bn in 2024.
  • Looking ahead, it is projected to exhibit a steady growth rate with a compound annual growth rate (CAGR 2024-2029) of 6.90%.
  • This growth trajectory indicates that the market volume will expand to US$16.22bn by 2029.
  • When compared to other countries on a global scale, China is anticipated to generate the highest Net Interest Income, with an estimated value of US$1,444.0bn in 2024.
  • Morocco's traditional commercial banking sector is experiencing a steady growth, driven by increasing demand for financial services and the country's stable economy.

Key regions: China, France, Brazil, Singapore, India

 
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Analyst Opinion

The Traditional Commercial Banking market in Morocco has been experiencing notable developments in recent years, driven by various factors shaping the industry landscape.

Customer preferences:
Customers in the Traditional Commercial Banking market in Morocco are increasingly seeking personalized and convenient banking services. With the rise of digitalization and technological advancements, customers are looking for seamless online banking platforms and mobile applications that offer a wide range of services. Moreover, there is a growing demand for sustainable banking practices among customers, leading banks to integrate environmental and social considerations into their operations.

Trends in the market:
One of the key trends in the Traditional Commercial Banking market in Morocco is the expansion of Islamic banking services. As a predominantly Muslim country, there is a significant demand for Sharia-compliant banking products and services. Many banks in Morocco have started offering Islamic banking solutions to cater to this specific customer segment. Additionally, there is a trend towards consolidation in the market, with banks looking to merge or acquire smaller institutions to enhance their market presence and competitiveness.

Local special circumstances:
Morocco's strategic geographical location as a gateway between Africa and Europe has positioned the country as a financial hub in the region. This has attracted foreign investment and led to the establishment of international banks in the country. The government's efforts to promote financial inclusion and economic development have also contributed to the growth of the banking sector in Morocco. Furthermore, the regulatory environment in the country has been conducive to the expansion of banking services, fostering innovation and competition in the market.

Underlying macroeconomic factors:
The stability of Morocco's economy, coupled with steady economic growth and low inflation rates, has created a favorable environment for the Traditional Commercial Banking market to thrive. The government's initiatives to modernize the financial sector and improve regulatory frameworks have further supported the growth of the banking industry. Additionally, Morocco's young and growing population presents opportunities for banks to tap into a large customer base and expand their market reach.

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
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