Bank branches operating across Morocco decreased from 6,065 in 2021 to 5,914 in 2022, a difference of 189 branches, according to Bank Al-Maghrib (BAM).
This was due to the closure of 189 branches and the opening of only 38 new ones, as stated in a BAM document on the national banking establishment for the 2022 financial year.
The national banking network had 5,715 conventional bank branches in 2022, compared to 5,880 in 2021, 9 offshore banks, and 190 participatory banks, compared to 176 branches in 2021.
Participatory banks, such as Umnia Bank and Bank Assafa, have shown an increase in branches, with Umnia Bank having the largest network with 50 branches.
By bank, Crédit Populaire du Maroc had the highest number of branch closures with 38, followed by Attijariwafa Bank with 52. Among the conventional banks, Crédit Populaire du Maroc has the densest network with 1,386 branches, followed by Attijariwafa bank with 957 branches.
Region-wise, Casablanca-Settat had the highest number of agencies with 1,690, followed by Rabat-Salé-Kénitra with 880, Fes-Meknes with 683, and Tangier Tetouan Al Hoceima with 571.
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