Awards for Excellence 2009: Morocco

Best Bank: Attijariwafa

In Morocco, BMCE and Attijariwafa have led the way in expanding in the rest of Africa. BMCE, for example, has acquired or set up operations, sometimes through its London-based investment bank, Medicapital, in about 20 African countries in the past few years.

In 2008, BMCE and Attijariwafa grew profits by between one-third and a half. BMCE’s profit growth was higher, but Attijariwafa’s total profit was still about double that of BMCE, a smaller bank.