Access to banking keeps improving in Morocco

Aug 14, 2013

The number of ATMs across Morocco rose by 6.5 per cent in 2012 compared with the previous year.

The number of ATMs across Morocco rose by
6.5 per cent
in 2012 compared with the previous year. Thanks to this increase, the kingdom’s subjects now enjoy a better access to finance, according to a report by Bank Al-Maghrib quoted in the daily newspaper Aujourd’hui Le Maroc.

In total, 334 ATMs have been added across the country, bringing their total number to nearly 5,500.

Fifty-seven per cent
of Moroccans now enjoy easy access to banking.

ATMs should prove very popular with this part of the population which has been
keen
to adopt debit cards. Over nine million cards are now in use across the country,
an increase of nearly 16 per cent
over the course of the year.

In its report, Bank Al-Maghrib also explains that the activity of Moroccan banks increased by
8.4 per cent
over the year ending 31 December 2012.

However, the access to banking increase should not be taken at face value. Indeed,
the number of ATMs increased
mostly
in regions already well equipped, such as Casablanca.

Morocco's
largest city accounts on its own for
24 per cent
of the total number of ATMs across the kingdom,
38 per cent
of all deposits and
63 per cent
of all credits thanks to its economic activity and its dense population.ADNFCR-2976-ID-801624658-ADNFCR