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Bank Al-Maghrib's Overview

Total employees1305
HeadquartersRabat
Founded1959

Bank Al-Maghrib (BAM) is the central bank of the Kingdom of Morocco, established in 1959. It is a public legal entity endowed with financial autonomy. Its primary responsibilities include issuing the Moroccan dirham, implementing monetary policy to ensure price stability, supervising the banking sector, managing foreign exchange reserves, and ensuring the stability and security of payment systems. Bank Al-Maghrib plays a crucial role in Morocco's economic development and financial stability, advising the government on financial and monetary matters.

Where is Bank Al-Maghrib's Headquarters?

HQ Function

Serves as the primary administrative and operational center for Bank Al-Maghrib, housing its governing bodies, key departments for monetary policy, banking supervision, currency issuance, and international relations.

Notable Features:

The headquarters building in Rabat is a modern architectural landmark, known for its imposing facade and state-of-the-art facilities, reflecting the bank's importance and stability. It includes high-security areas for currency operations and data centers.

Work Culture:

The work culture at Bank Al-Maghrib's headquarters is typically formal, professional, and mission-driven, characterized by a strong emphasis on precision, integrity, and public service. Employees are often highly qualified economists, financial analysts, and regulatory experts.

HQ Significance:

The headquarters is of paramount significance as it is where critical decisions affecting Morocco's economy are made, including setting interest rates, managing inflation, and ensuring the health of the financial sector. It symbolizes the nation's monetary sovereignty.

Values Reflected in HQ: The headquarters' design and operations reflect values such as stability, authority, transparency, security, and national pride.

Location:

Bank Al-Maghrib primarily operates within Morocco but maintains a significant international presence through its active participation in global financial institutions such as the International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), and the Arab Monetary Fund. It manages Morocco's foreign exchange reserves, engages in correspondent banking relationships with other central and commercial banks worldwide, and collaborates on international regulatory standards and financial stability initiatives. Its global engagement supports Morocco's integration into the world economy and ensures alignment with international best practices.

Street Address:

Avenue Moulay Hassan

City:

Rabat

State/Province:

Rabat-Salé-Kénitra

Country:

Morocco

Bank Al-Maghrib's Global Presence

Casablanca, Morocco

Address: Boulevard de Paris, Casablanca

To support the significant volume of financial and commercial activities in Casablanca, ensuring liquidity and operational efficiency for banks and businesses.

Marrakech, Morocco

Address: Avenue Mohammed V, Gueliz, Marrakech

Facilitate financial operations, manage currency circulation, and support economic development in a vital tourist and agricultural region.

Tangier, Morocco

Address: Boulevard Pasteur, Tangier

To support the dynamic economic activity in northern Morocco, driven by international trade, industry, and logistics.

Fes, Morocco

Address: Avenue Hassan II, Fes

To ensure the provision of central banking services, manage cash flow, and support the local banking network in this historically and culturally rich region.

Buying Intent Signals for Bank Al-Maghrib

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Bank Al-Maghrib

As of April 2025, Bank Al-Maghrib' leadership includes:

Abdellatif Jouahri - Wali (Governor)
Abderrahim Bouazza - Directeur Général (Director General)
Mohammed El Alaoui El Abbassi - Secrétaire Général (Secretary General)
Hicham Zanati Serghini - Directeur de la Supervision Bancaire (Director of Banking Supervision)
Mounir Razki - Directeur des Opérations Monétaires et de Change (Director of Monetary and Foreign Exchange Operations)

Investors of Bank Al-Maghrib

Bank Al-Maghrib has been backed by several prominent investors over the years, including:

The State of Morocco (Wholly owned by the Moroccan government)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Bank Al-Maghrib's executive team has maintained stability in its key leadership positions over the last 12 months, with no major widely publicized new hires or departures at the top-most levels. Continuity in governance is characteristic of central banking institutions, ensuring consistent monetary policy and financial oversight.

Technology (Tech Stack) used by Bank Al-Maghrib

Discover the tools Bank Al-Maghrib uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Bank Al-Maghrib Email Formats and Examples

Bank Al-Maghrib likely uses a standardized email format for its employees, common for governmental and financial institutions. While not publicly confirmed, a probable format involves the first initial followed by the last name.

[first_initial].[lastname]@bkam.ma or [firstinitial][lastname]@bkam.ma

Format

a.jouahri@bkam.ma

Example

75%

Success rate

News and media

ReutersMay 28, 2024

Bank Al-Maghrib News: Monetary Policy and Economic Outlook

Bank Al-Maghrib regularly holds monetary policy meetings to assess economic conditions and make decisions on its key interest rate. Recent announcements often focus on inflation forecasts, economic growth projections, and measures to maintain financial stability. For example, in March 2024, BAM kept its benchmark interest rate unchanged at 3%....more

Morocco World NewsApril 15, 2024

Bank Al-Maghrib Advances Digital Dirham Project

Bank Al-Maghrib is actively working on the development of a central bank digital currency (CBDC), often referred to as the digital dirham. Recent updates suggest ongoing research and pilot programs to explore its feasibility and potential benefits for the Moroccan economy, including enhancing financial inclusion and payment efficiency. The first phase was anticipated for 2024....more

Bank Al-Maghrib Official WebsiteJuly 17, 2023

Bank Al-Maghrib Publishes Annual Financial Stability Report

Bank Al-Maghrib periodically releases its Financial Stability Report, providing a comprehensive analysis of the Moroccan financial system's resilience, identifying potential risks, and outlining measures taken to mitigate them. The 2022 report (published in 2023) highlighted the banking sector's robustness despite global economic uncertainties....more

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