Banque Commerciale du Maroc plans to enhance its leading position by improving its quality of service and increasing its profitability.

anque Commerciale du Maroc is Morocco’s leading private bank and is one of the country’s most dynamic corporations. It sets an impressive standard, with market shares of 17 percent in deposits, 17.2 percent in loans and 25 percent in international transactions.

Founded in 1911, Banque Commerciale du Maroc emerged from the banking system reform of the1990s as the second largest domestic bank, with a truly global perspective. Says Ali Iben Mansour, General Manager and Director of Banque Commerciale du Maroc: “The success of the new banking system paved the way for our increased competitiveness and reinforced the sound economic image of the country. This competitiveness, led by the modernization of the bank, has followed a positive trend in spite of the slowing down of the economy due to a drought which lasted for more than three years.”

As the leading banking network in the private sector, with 262 branches, Banque Commerciale du Maroc plays an important role nationally. Mr. Iben Mansour explains: “We are a national bank, but not in a nationalistic sense. We want to remain close to our customers and stay true to our values as an easily approachable bank, always striving for excellence.” Proof of that is the strong increase in the number of ATMs, the comprehensive range of financial products and the improved telebanking services, which the bank offers to its retail and corporate customers.

“At this point, we are well-established throughout the country and try to cover the needs of every sector of the Moroccan economy,” says Mr. Iben Mansour.
Through its network in major European countries, Banque Commerciale du Maroc has also established an international dimension and is consolidating its experience in the processing and financing of foreign trade transactions. “We believe that, with time, Morocco will increasingly present itself as an attractive platform for foreign investors,” Mr. Iben Mansour says. “As the crossroads of the world’s major trade flows, Morocco offers a sound environment for those economic operators on the look out for new investment opportunities.”

ABDELAZIZ ALAMI Chairman and CEO of Banque Commerciale du Maroc

Abdelaziz Alami, Chairman and Chief Executive Officer of Banque Commerciale du Maroc for the last 33 years, adds: “We expect an increase in American investment in Morocco as the economic ties are strengthened and talks of a free-trade accord in the near future are finalized.” He continues: “Our bank offers all the requirements that international investors are looking for in a local partnership and we are ready to work with them hand in hand.”
After decades of constant development, Banque Commerciale du Maroc intends to use all its assets to build on its leading position.

It has a number of priorities, such as dominating markets, increasing profitability and improving quality of service. Alami concludes: “We firmly believe in the virtues of our human capital and, above all, we want to remain a people-oriented bank as we grow and win new market shares.”