Three Moroccan banking groups continue to dominate the country’s financial system, accounting for nearly 60% of banking assets and more than 60% of loans and deposits, according to Morocco’s 2025 Financial Stability Report. Morocco’s three top banks held 59.9% of the sector’s total assets, 63.2% of net customer loans, and 62.1% of customer deposits. Customer credit rose 6.9%, while deposits increased 7.7%, accompanied by a slight improvement in asset quality for the second consecutive year. Banks also remained well capitalized, with an average solvency ratio of 16.1%, and stress tests confirmed their resilience to severe macroeconomic shocks, the report said. The report was prepared jointly by Bank Al-Maghrib, the Moroccan Capital Market Authority (AMMC), and the Insurance and Social Welfare Supervisory Authority (ACAPS).