Morocco has three banking groups among Africa’s ten largest by core capital, with Bank of Africa moving up two places and the country’s nine ranked institutions holding a combined $23.3 billion.
Bank of Africa-BMCE Group climbed from 11th to ninth place in the 2026 Top 100 African Banks ranking, published by African Business on October 5, with Tier 1 capital of $3.84 billion.
Attijariwafa Bank retained third position with $7.68 billion, up from $6.25 billion in the previous edition. Banque Centrale Populaire (BCP) maintained sixth place with approximately $5.87 billion.
Attijariwafa Bank remains behind only South Africa’s Standard Bank and the National Bank of Egypt, while Bank of Africa’s rise gives Morocco three representatives among the continent’s ten highest-ranked institutions.
Morocco’s Banking Capital Rises Nearly 15%
Nine Moroccan banks feature in the continental Top 100, with their combined Tier 1 capital increasing from $20.3 billion to $23.3 billion, a rise of approximately 14.8%.
The three leading groups account for around $17.4 billion of that total, representing nearly three-quarters of the capital held by Morocco’s ranked institutions.
Their operations also extend well beyond the domestic market.
Attijariwafa Bank operates in 27 countries and serves more than 12 million customers. BCP and Bank of Africa maintain extensive networks across West and Central Africa, supporting financial services, corporate financing and cross-border business activity.
The figures illustrate the concentration of Morocco’s banking capital in a small number of internationally active groups.
African Banking Capital Reaches Record Levels
Morocco’s results come amid broader capital growth across Africa’s banking industry.
Combined Tier 1 capital among the continent’s 100 leading banks increased 23% to a record $155 billion, while total assets rose 16% to approximately $1.8 trillion.
The nearly 15% increase recorded by Morocco’s ranked institutions was below the growth in the continental total, although its three leading groups maintained or improved their positions.
Tier 1 capital includes a bank’s core financial resources, such as shareholder capital and retained earnings, which provide a buffer against potential losses.
The ranking is based on the latest available financial results, with reporting dates varying between institutions. Figures are converted into US dollars, meaning exchange-rate movements can influence year-on-year comparisons.
It measures the absolute size of banks’ capital bases rather than their profitability, lending performance or capital adequacy ratios.
Morocco accounts for three of Africa’s ten highest-ranked banking groups, alongside four from South Africa, two from Egypt and one from Algeria.
The results place Morocco among the continent’s principal banking centres, reflecting the scale of its leading institutions and their established presence across African markets.