The number of ATMs in Morocco stood at 6,331 by the end of June 2021, compared to 6,356 by the end of December 2020, according to Bank Al-Maghrib (BAM).
The population per ATM amounted to 5,707 for the first six months of 2021, up compared to 5,655 by the end of 2020, according to the Central Bank in its latest dashboard of the banking system.
As for the structure of the banking system, BAM stated the existence of a total of 91 credit institutions, including 24 banks (5 participatory banks and 3 participatory ATMs), 27 finance companies, 6 offshore banks, 12 micro-credit, and 19 payment institutions.
As for the concentration of banks according to shareholder status, BAM’s data revealed that the majority of banks have private capital mainly Moroccan, including 54.1% of ATMs, 64.4% of deposits, 63.7% of assets, and 62.1% of loans.
BAM’s analysis of deposits showed that most banking services are mainly the creation of credits accounts, representing 66.3%, followed by saving accounts (16.6%), and term deposits (14.2%).
BAM reported for activity a total balance sheet of MAD1.542 billion, up by 3.8% compared to June 2020, a customer deposit of MAD 1.033 billion (+ 6.1%), and net banking income, reaching a total of MAD 27.9 billion.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.