Wallets/credit-du-maroc
Crédit du Maroc
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Overview
Crédit du Maroc is CSE: CDM + Moroccan commercial bank + Holmarcom Group Moroccan conglomerate ~78%+ controlling post-Dec 6 2022 Crédit Agricole France ~$430M divestment + one of Morocco's largest commercial banks [1, ma-cro].
History
1929 — Crédit Lyonnais Maroc founded as Moroccan commercial bank.
2003 — Crédit Lyonnais Maroc rebranded as Crédit du Maroc CDM.
Dec 6 2022 — Crédit Agricole France divests Crédit du Maroc to Holmarcom Group Moroccan conglomerate for ~$430M distinctive Moroccan banking acquisition.
2014 — CDM Mobile banking app launch.
Ownership & operator
Operating entity: Crédit du Maroc CDM (Moroccan commercial bank; CSE: CDM).
Major shareholders: Holmarcom Group (Moroccan conglomerate; Bensalah Chaqroun family Moroccan founding family) ~78%+ controlling + Moroccan retail + institutional + foreign investors free float.
Regulators: BAM Bank Al-Maghrib.
Technical integration
CDM Mobile app (iOS + Android) + creditdumaroc.ma online + Crédit du Maroc branch network across Morocco + Crédit du Maroc Visa + Mastercard cards; MA IBAN + Maroc Pay.
Implementations & partners
Major Moroccan banking + payments competitors: [[attijariwafa-bank]] (Attijariwafa Bank; CSE: ATW; Morocco's largest commercial bank by assets; Royal SNI Holding controlling) + [[bmce-bank-of-africa]] (Bank of Africa BMCE; Morocco's #3 commercial bank by assets; Bank of Africa BOA Group present across 32 African countries) + [[banque-populaire-maroc]] (Banque Centrale Populaire BCP; CSE: BCP; Morocco's #2 commercial bank by assets; Moroccan cooperative banking group) + [[cih-bank]] (CIH Bank; Moroccan commercial bank).
Regulators: BAM Bank Al-Maghrib.
Status
Active, CSE:CDM + Moroccan commercial bank + Holmarcom Group Moroccan conglomerate ~78%+ controlling post-Dec 6 2022 Crédit Agricole France ~$430M divestment + one of Morocco's largest commercial banks [1, 2].
Sources
- 1 Crédit du Maroc — official
- 2 Crédit du Maroc — Wikipedia
- ma-cro In-corpus:
reports/countries/MA-morocco.md
Source
Biography extracted from credit-du-maroc.md. See matrix.md for standards-support matrix if present.