Crédit du Maroc
 | |
 Former Casablanca branch of Crédit Lyonnais, part of the CDM head office complex | |
| Company type | Société Anonyme |
|---|---|
| Industry | Banking |
| Founded | 1929 |
| Headquarters | 48–58 Bd Mohammed V, Casablanca, Morocco |
| Revenue | 2.45 billion dirhams – Net Banking Income (2021) |
| 627.39 million dirhams (2021) | |
| Parent | Holmarcom Group |
| Website | www.creditdumaroc.ma |
Crédit du Maroc (CDM, Arabic: مصرف المغرب) is a Moroccan bank, established in 1929 as the Moroccan subsidiary of Paris-based Crédit Lyonnais and known under its current name since 1966.
Overview
[edit]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.[1]
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.[2] 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.[3]
In late April 2022, Crédit Agricole announced the sale of its 78.7 percent stake in Crédit du Maroc to the Holmarcom Group.[4][5] 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.
See also
[edit]References
[edit]- ^ Mohammed Daoudi (14 August 2024). "Mohammed V Boulevard walk - from Casa Voyageurs to United Nations square". Mrrakc.
- ^ "« Crédit du Maroc, 90 ans d'histoire » Une exposition* évènement pour célébrer l'ancrage d'une banque dans l'histoire du Maroc". Crédit du Maroc. 2019.
- ^ "Crédit du Maroc/Anapec: New Partnership to Support Business Creation in Morocco". fnh.ma. Retrieved 2021-02-15.
- ^ "Crédit Agricole to Disengage from its Moroccan Retail Banking Subsidiary". LEFIGARO. 2022-04-27. Retrieved 2022-04-29.
- ^ "Crédit Agricole sells its subsidiary Crédit du Maroc". Les Echos. 2022-04-28. Retrieved 2022-04-29.
External links
[edit]| Universal banks | |
|---|---|
| Investment banks | |
| Postal operator | |
| Minor banks | |
| Central bank | |
| Mint | |
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