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 commercial bank founded in 1929.
Long owned by the giant Crédit Agricole S.A., it has been owned by the Holmarcom Group since April 2022.[1]
The International Bank of Tangier (BIT) and SIFIM are subsidiaries of the CDM Group.
History
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.[2]
At the end of April 2022, Crédit Agricole announced its complete disengagement from Crédit du Maroc, of which it held 78.7% of the capital, in favor of the Holmarcom Group.[3]
A new visual identity was adopted by Crédit du Maroc following its acquisition by Holmarcom in 2022.
References
- ^ "Crédit Agricole sells its subsidiary Crédit du Maroc". Les Echos. 2022-04-28. Retrieved 2022-04-29.
- ^ "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.