Morocco and Egypt both have a host of entries in our Top 100 Banks table and in the regional breakdown of the Top 20 North African banks. The two countries each hold two of the top four places in the regional table, led by National Bank of Egypt with 7.3bn in "Tier 1" capital and followed by Attijariwafa Bank 6.2bn and Banque Centrale Populaire BCP 5.2bn, both of Morocco and then Egypt's Banque Misr 4.8bn.
The Egyptian economy is more than twice the size of Morocco's, and its population more than three times as big, but Moroccan banks were among the first seriously to expand their operations into the rest of Africa - initially into francophone West Africa but now further afield. This investment is now helping to generate more revenue and boost connections between the Moroccan economy and the rest of the continent.
In September, BCP announced a net profit of 3.5bn dirham 386m for the first half of 2025, a 16.8 rise on the same period in the previous year, and net income of 2.9bn dirham 320m, an increase of 12.8. Growth is partly being driven by the bank's presence in 32 countries, including 18 in the rest of Africa - more than its rival Attijariwafa Bank - which gave it close to 10m customers last year. The third biggest Moroccan bank, Bank of Africa, has now also expanded its network to 32 markets.