Home / Banking / BAM: Over 28 million bank accounts in Morocco

BAM: Over 28 million bank accounts in Morocco

At the end of 2019, the number of bank accounts recorded an annual increase of 5% to more than 28 million, after 4.7% at the end of 2018, indicates BAM (Bank Al-Maghrib) in its annual report on banking supervision. As for accounts opened by participating banks, their number stood at around 87000, up from 56000 a year earlier.

According to the distribution of bank accounts by age group, 28% of people aged 16 to 25 have a bank account compared to 24% in 2018. Among people aged 26 to 60, this proportion reaches 68% compared to 69% a year ago. Among those over 61, 82% have an account compared to 83%. In addition, 79% of men have at least one account compared to 44% of women.

Check Also

Israel and Morocco cooperate in desert agriculture and aquaculture

The World Bank is currently examining the possibility of establishing a regional innovation and research …

Leave a Reply