Crédit du Maroc (CDM; ) is a Moroccan bank founded in 1929. Headquartered in Casablanca, it provides commercial banking services in Morocco and has operated under its current name since 1966.[1]
Crédit du Maroc has experienced several changes in ownership over time. It was previously part of international banking groups and is currently a subsidiary of the Moroccan holding group Holmarcom.[2]
Overview
Crédit Lyonnais established its subsidiary in Casablanca in 1929. In 1950, it relocated to a new head office building designed by architect Edmond Brion on the prestigious Boulevard Mohammed-V (Casablanca).[3]
In 1966, in response to the newly independent Moroccan government's push for marocanisation or shedding the colonial legacies in its banking sector, the operation was renamed Crédit du Maroc.[4]