Al Barid Bank
A Moroccan state-owned retail bank created from the postal system to expand access to basic financial services.
Last updated August 25, 2026
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Overview
Al Barid Bank is a Moroccan state-owned retail bank and a subsidiary of Barid Al-Maghrib, the country’s postal group. It was established in 2010 when Barid Al-Maghrib reorganized its financial services and separated them from its traditional postal activities, creating a regulated banking institution. The bank’s development formed part of wider Moroccan reforms intended to modernize postal and financial services and extend formal banking access beyond the country’s established commercial-bank customer base. The institution’s defining feature is its connection to the national postal network. Rather than positioning itself primarily around corporate banking, investment banking or affluent customers, Al Barid Bank has focused on individuals and the mass market. Its services include basic current and savings accounts, payment and money-transfer facilities, and personal financing. The postal distribution infrastructure gives the bank a broad physical presence and supports service delivery in rural and underserved areas where conventional banking coverage may be less extensive. Financial inclusion has therefore been central to the bank’s public and commercial role. According to the referenced account of the institution, the proportion of Moroccan adults with access to banking services increased from 34 percent to 62 percent between 2010 and 2014, a change with which Al Barid Bank has been associated as a major access provider. The bank is also described as a leading participant in Morocco’s remittance market, an important area for a country with substantial international migration and cross-border household transfers. The bank has combined its physical network with digital channels. The referenced material reports more than seven million individual customers by 2020, approximately 1,900 offices and 920 automated teller machines in October 2020, and 2.3 million users of its mobile services by November 2022. These figures are time-specific and should not be treated as current operating totals without updated disclosures. They nevertheless illustrate the scale of the institution and the shift from a primarily branch- and post-office-based model toward integrated digital banking. Al Barid Bank operates principally in Morocco and remains closely associated with the public-service and inclusion objectives of the Barid Al-Maghrib group. Its business scope includes retail deposits, everyday payments, remittances and personal financial services. In November 2025, the bank was reported to have reached an agreement with fintech company Taptap Send to facilitate international transfers to Morocco, indicating continued interest in digital and cross-border payment channels. Since early 2023, Al-Amine Nejjar has served as chief executive and chairman of the bank’s management board. Detailed current financial results, ownership percentages, product pricing and branch totals require confirmation from official bank, group or regulatory disclosures.
History
Al Barid Bank emerged from the restructuring of Morocco’s postal and financial-service activities. Before the bank was created, the postal system provided financial services alongside its core communications and postal functions. In 2010, Barid Al-Maghrib reorganized these activities and established Al Barid Bank as a regulated banking institution. The change was part of broader efforts to modernize Morocco’s postal sector and expand the reach of formal financial services. The new bank was designed around a retail and inclusion-oriented model. Its connection to Barid Al-Maghrib gave it access to a large nationwide network, including locations serving communities that were less densely covered by conventional bank branches. Al Barid Bank consequently concentrated on personal accounts, savings, payments, remittances and personal financing rather than making corporate or investment banking its central identity. Its physical network allowed customers to access basic services through locations familiar from the postal system. The institution became associated with Morocco’s progress in financial inclusion during the 2010s. The referenced material links the bank’s expansion with an increase in the share of Moroccan adults with access to banking services from 34 percent to 62 percent between 2010 and 2014. This association reflects the bank’s role as an access channel rather than a claim that the change was produced by the bank alone. Al Barid Bank also developed a strong position in remittances, serving domestic customers and the transfer needs connected with Moroccans living or working abroad. During the 2020s, the bank’s reported scale included more than seven million individual customers by 2020, around 1,900 offices and 920 ATMs in October of that year, and 2.3 million mobile-service users by November 2022. These dated figures show the combination of a dense physical network and growing digital adoption. They do not establish the bank’s present customer count, network size or financial performance, which require more recent primary disclosures. Since early 2023, Al-Amine Nejjar has been identified as the bank’s chief executive and chairman of the management board. In November 2025, Al Barid Bank was reported to have reached an agreement with Taptap Send concerning international money transfers to Morocco. The reported arrangement points to an effort to strengthen digital cross-border payment capabilities alongside the bank’s established postal and branch channels. Al Barid Bank remains a Moroccan-focused subsidiary of Barid Al-Maghrib and continues to be defined by retail banking, financial inclusion and nationwide accessibility.
- 2025
Reported international-transfer agreement with Taptap Send
[1]The bank was reported to have reached an agreement with Taptap Send to facilitate international money transfers to Morocco.
- 2023
Al-Amine Nejjar assumed chief executive role
[1]Al-Amine Nejjar became chief executive and chairman of the management board in early 2023.
- 2022
Mobile-service usage reported at 2.3 million users
[1]By November, the bank was reported to have 2.3 million users of its mobile services.
- 2020
Large retail network and customer base reported
[1]The bank was reported to have more than seven million individual customers, with approximately 1,900 offices and 920 ATMs reported in October.
- 2014
Financial-inclusion gains associated with the bank’s expansion
[1]The referenced material reports that Moroccan adults’ access to banking services rose from 34 percent to 62 percent between 2010 and 2014.
- 2010
Al Barid Bank established as a regulated banking institution
[1]Barid Al-Maghrib reorganized its financial services and separated them from postal activities, creating Al Barid Bank as a dedicated bank.
Products and positioning
A mass-market Moroccan retail bank focused on financial inclusion, everyday banking, remittances and access through the national postal network.
Retail banking
Personal current accounts
Basic accounts for individual customers form the foundation of the bank’s mass-market proposition. They provide an entry point to deposits, withdrawals, payments and other retail banking services delivered through the postal network and digital channels. Specific account names, fees and eligibility requirements are not established by the supplied reference material.
Savings
Savings products
Savings-oriented services support customers who want to hold funds within the formal banking system. They are consistent with the bank’s financial-inclusion role and broad individual-customer focus. The supplied sources do not provide verified details about individual savings products, interest rates, balances or current commercial terms.
Payments
Payment and money-transfer services
Al Barid Bank provides everyday payment and transfer capabilities connected with its retail accounts. These services support domestic transactions and are complemented by the institution’s role in remittances. The bank’s network and digital channels are both relevant delivery mechanisms, although the supplied sources do not specify the full current payment feature set.
International money transfer
Remittance services
Remittances are an important part of Al Barid Bank’s market position. The bank is described as dominant in Morocco’s remittance market, linking its domestic retail infrastructure with transfers associated with Moroccans abroad. In 2025, a reported agreement with Taptap Send concerned international transfers to Morocco, suggesting continued development of digital cross-border payment routes.
Digital banking
Mobile banking services
Mobile services extend the bank’s retail proposition beyond physical offices and ATMs. Reported usage reached 2.3 million users by November 2022. The supplied material does not specify the application’s complete functionality, current user count or precise launch date, so this entry describes the channel at a high level.
Consumer finance
Personal financing
Personal financing belongs to the bank’s retail-service scope and is intended for individual customers. It complements accounts, savings and payment services within the mass-market model. The provided sources do not identify specific financing products, loan purposes, pricing, underwriting standards or current availability.
Brand decisions
2025
Reported partnership with Taptap Send for international transfersStrategyBackground
The bank’s established position in Moroccan remittances and the growth of digital money-transfer channels created a basis for cooperation with a fintech provider.
Action taken
In November 2025, Al Barid Bank was reported to have reached an agreement with Taptap Send to facilitate international money transfers to Morocco.
Aftermath
The supplied material does not report transaction volumes, financial effects, rollout details or competitor responses.
2010
Separation of postal financial services into a bankStrategyBackground
Barid Al-Maghrib was reorganizing its postal and financial activities as part of broader sector modernization and financial-inclusion reforms in Morocco.
Action taken
A dedicated regulated banking institution, Al Barid Bank, was established to conduct the financial-services business.
Aftermath
The new bank developed a mass-market model using the postal network to provide accounts, payments, savings, remittances and personal financial services.
Recent events
- 2025
Al Barid Bank reached a reported agreement with Taptap Send[1]
M&A · Product launch
In November 2025, the bank was reported to have agreed with fintech company Taptap Send to facilitate international money transfers to Morocco.
- 2023
Al-Amine Nejjar became chief executive[1]
Leadership change
Al-Amine Nejjar has served as chief executive and chairman of the management board since early 2023.
- 2022
Al Barid Bank mobile services reached 2.3 million users[1]
Other
The bank was reported to have 2.3 million mobile-service users by November 2022, reflecting the expansion of its digital delivery channels.
- 2020
Al Barid Bank reported to have more than seven million individual customers[1]
Other
Reference material states that the bank had more than seven million individual customers in Morocco by 2020, illustrating its scale in mass-market retail banking.
- 2020
Al Barid Bank reported with a nationwide network of offices and ATMs[1]
Other
As of October 2020, the referenced material described a network of approximately 1,900 offices and 920 ATMs across Morocco.
Sources1 sources
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