Number of banks reached 24.0 banks in 2019 in Morocco, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Morocco reached an all time high of 24.0 banks in 2017 and an all time low of banks in. When compared to Morocco's main peers, number of banks in Algeria amounted to 20.0 banks, 18.0 banks in Mauritania and 135 banks in Spain in 2019.
Morocco has been ranked 71st within the group of 140 countries we follow in terms of number of banks, 18 places above the position seen 10 years ago.