Casablanca – Three banking groups continued to dominate Morocco’s banking sector in 2025, accounting for nearly two-thirds of customer loans and deposits, according to the latest Financial Stability Report by Bank Al-Maghrib, ACAPS, and the Moroccan Capital Market Authority.
The report said that Morocco’s banking landscape “remains structured around three privately owned systemically important banks with predominantly Moroccan capital, which concentrate 59.9% of the total assets of the banking sector, 63.2% of net customer loans and 62.1% of collected deposits.”
It added that these banks also have an extensive physical and international presence. Together, they operate 2,955 branches across Morocco, alongside 51 subsidiaries and 22 branches abroad.
The report noted that “a confirmed recovery in banking intermediation activity, driven mainly by the three systemically important banking groups,” supported the sector during 2025.
Overall banking assets reached MAD 2,323 billion in 2025, equivalent to 136% of Morocco’s GDP, up from 134% a year earlier. The total increased by 8.2%, matching the growth recorded in 2024. The report attributed the rise mainly to stronger lending activity. Participatory banking also continued to grow, with assets rising 24.7% to MAD 48.5 billion from MAD 38.9 billion in 2024.
Customer lending remained on an upward trend. Across the sector, loans to customers increased by 6.9% in 2025, while customer deposits rose by 7.7%. At the same time, the ratio of non-performing loans edged down to 8.3% from 8.4% in 2024, while the coverage ratio stayed close to 68%, the report said.
Deposits continued to expand despite a slower pace than the previous year. The stock of customer deposits reached MAD 1,390 billion after increasing 7.7% during 2025. Demand deposits climbed 10.5% to MAD 1,019 billion and represented 73% of all deposits.
Savings accounts rose 2.5% to MAD 192 billion, while term deposits fell 4.4% to MAD 132 billion, reducing their share of total deposits to 9%, compared with 22% a decade earlier.
The report concluded that Morocco’s banking sector “continues to demonstrate resilience,” with activity, profitability, liquidity, and capital indicators reflecting “the strength of its fundamentals and its capacity to absorb potential shocks.”
