Summary: The banking system is at the core of the financial sector, with bank assets equivalent to 126 percent of GDP in 2013 (81 percent in 2004). It comprises 19 banks, of which five are majority public-owned and seven majority foreign-owned. The sector is dominated by the five largest banks, which hold a market share of deposits and credit of about 80 percent (Figure 1). The three largest banks, Attijariwafa, Banque Marocaine du Commerce Extérieur (BMCE) and Banque Centrale Populaire (BCP), hold about two-thirds of total bank assets.

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