The level of concentration in the banking sector continued its downward trend of recent years in 2022, according to the 19th annual report on banking supervision by Bank Al-Maghrib (BAM).
The share of the top three banks in the sector’s total assets stood at 61.6%, compared with 62.4%, while that of the five largest banks reached 76.4%, compared with 76.8% in 2021, said the central bank.
In terms of deposits, the top three banks accounted for almost 63.3% of deposits collected, compared with 63.4% a year earlier, and the top five had a share of 78.3%, compared with 78.5% in 2021.
In terms of credit, the top three banks accounted for 60.1% of credit distributed, versus 60.8% in 2021, and the top five accounted for 78.1% of financing, versus 78.3%.
The year 2022 was marked by the acquisition of a foreign bank by a Moroccan group, changing the shareholding structure of the banking sector.
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