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”’Crédit du Maroc”’ (”’CDM”’; {{langx|ar|مصرف المغرب}}) is a Moroccan bank founded in 1929 |
”’Crédit du Maroc”’ (”’CDM”’; {{langx|ar|مصرف المغرب}}) is a Moroccan bank founded in 1929 in Casablanca has operated under its current name since 1966 and provides commercial banking services in Morocco.<ref>{{Cite web |date=2020-02-05 |title=Crédit du Maroc: 90 years of history {{!}} Crédit Agricole |url=https://www.credit-agricole.com/en/ibd/ibd-news/maroc/credit-du-maroc-90-years-of-history |access-date=2026-01-29 |website=www.credit-agricole.com |language=en}}</ref> |
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Crédit du Maroc has experienced several changes in ownership over time. It was previously part of international banking groups and is currently a subsidiary of the Moroccan [[Holding company|holding]] group Holmarcom.<ref>{{Cite web |last=Ismaili |first=Ghita |title=Aprés Crédit du Maroc, Holmarcom vise la BMCI |url=https://telquel.ma/2025/12/12/apres-credit-du-maroc-holmarcom-vise-la-bmci_1965063?fbrefresh=7 |access-date=2026-01-29 |website=Telquel.ma |language=fr}}</ref> |
Crédit du Maroc has experienced several changes in ownership over time. It was previously part of international banking groups and is currently a subsidiary of the Moroccan [[Holding company|holding]] group Holmarcom.<ref>{{Cite web |last=Ismaili |first=Ghita |title=Aprés Crédit du Maroc, Holmarcom vise la BMCI |url=https://telquel.ma/2025/12/12/apres-credit-du-maroc-holmarcom-vise-la-bmci_1965063?fbrefresh=7 |access-date=2026-01-29 |website=Telquel.ma |language=fr}}</ref> |
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Revision as of 06:42, 30 January 2026
Moroccan commercial bank
Crédit du Maroc (CDM; Arabic: مصرف المغرب) is a Moroccan bank founded in 1929. Headquartered in Casablanca, it has operated under its current name since 1966 and provides commercial banking services in Morocco.[1]
Crédit du Maroc has experienced several changes in ownership over time. It was previously part of international banking groups and is currently a subsidiary of the Moroccan holding group Holmarcom.[2]
Overview
Crédit Lyonnais established its subsidiary in Casablanca in 1929. In 1950, it relocated to a new head office building designed by architect Edmond Brion on the prestigious boulevard Mohammed V.[3]
In 1966, in response to the newly independent Moroccan government’s push for marocanisation or shedding the colonial legacies in its banking sector, the operation was renamed Crédit du Maroc.[4] Crédit Agricole became CDM’s owner following its purchase of Crédit Lyonnais in 2003.
In February 2021, Crédit du Maroc signed a partnership with the National Agency for the Promotion of Employment and Skills (Anapec) to work on promoting entrepreneurship.[5]
In late April 2022, Crédit Agricole announced the sale of its 78.7 percent stake in Crédit du Maroc to the Holmarcom Group.[6][7] A new visual identity was adopted by Crédit du Maroc following that change of ownership.
The International Bank of Tangier (BIT) and SIFIM are subsidiaries of the CDM Group.
