Crédit Du Maroc
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Crédit du Maroc (CDM, ) is a Moroccan bank, established in 1929 as the Moroccan subsidiary of Paris-based
Crédit Lyonnais The Crédit Lyonnais (, "Lyon Credit ompany) was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th cen ...
and known under its current name since 1966.


Overview

Crédit Lyonnais established its subsidiary in
Casablanca Casablanca (, ) is the largest city in Morocco and the country's economic and business centre. Located on the Atlantic Ocean, Atlantic coast of the Chaouia (Morocco), Chaouia plain in the central-western part of Morocco, the city has a populatio ...
in 1929. In 1950, it relocated to a new head office building designed by architect
Edmond Brion Edmond Brion (1885 Soissons - 1973) was a French architect active in Casablanca during the French Protectorate. Biography After World War I and after having studying at the École des Beaux-Arts in Paris in the Paulin studio, Brion settled in ...
on the prestigious . 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.
Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, ...
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. In late April 2022,
Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, ...
announced the sale of its 78.7 percent stake in Crédit du Maroc to the Holmarcom Group. 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

*
List of banks in Morocco This is a list of commercial banks in Morocco, as published by the Bank Al-Maghrib in July 2021. List of commercial banks * Al Barid Bank, state-owned * , part of Arab Bank Group * Attijariwafa Bank * Banco Sabadell, part of Banco Sabadell Gr ...


References


External links

* Banks of Morocco Companies based in Casablanca Banks established in 1929 1929 establishments in Morocco Companies in the MASI Former Crédit Agricole subsidiaries {{Bank-stub