Three Moroccan Banks among 2,000 largest companies in the world

Taroudant, Morocco- American business magazine Forbes published on Wednesday a new ranking in which it included three Moroccan banks among the most powerful companies in the world.

Dominated by Chinese and American firms, “Forbes Global 2000” listed three of the most successful Moroccan banks: Attijariwafa Bank, Banque Centrale Populaire and BMCE Bank respectively. The ranking was based on indicators of revenues, profits, assets and market value in the financial market.

Founded in 1911, Attijariwafa Bank ranks on the top of the three Moroccan banks with $2.79 Billion in sales and 1064th at the global level.

According to Forbes, Attijariwafa Bank, which employs 7,443 people and generated $2.79 billion in sales, ranks 1176th in terms of profit, 532nd in terms of assets and 1336th in market value.

Banque Centrale Populaire comes in second position at the Moroccan level, ranking 1840 in the “Global 2000” and 666th position in terms of assets.

The company, which employs 11,878 people, generated $2.16 billion in sales. BCP was founded on February 2, 1961 and is headquartered in Casablanca.

The bank of Othman BenJelloun, BMCE, ranked 1998th and 847th in terms of assets. BMCE employs 4,894 people and generated $1.53 billion in sales.

This year, the Global 2000 is dominated by Asia and China is “home, for the first time, to the world’s three biggest public companies and five of the top 10”.

The African continent “still has the least Global 2000 members,” with only 26 company listed in the global ranking.

The Frobes “Global 2000” is a comprehensive list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value.