Moroccan Banks in Top 50 Valuable Banks in MENA, Forbes

Four Moroccan banks are among the MENA region’s 50 most valuable banks in 2023, reported Forbes Middle East.
According to a report by Moody’s, Attijariwafa Bank (18) ranked first in Morocco followed respectively by Banque Centrale Populaire (BCP Group) (24), Bank of Africa (32), and CIH Bank (49).
The banks are immune to the financial unrest thanks to solid liquidity buffers, low-cost and stable customer deposits, and a lack of exposure to failed U.S. banks, said Forbes.
The report also pointed out that deposits at these banks are lower cost than at conventional banks and support the banks’ profitability at times of high-interest rates.
Saudi Arabia ($223.5 billion) and the U.A.E. ($121.2 billion) are the most represented countries, with 10 entries each.