Morocco’s banking sector continued to expand its customer base in 2025, according to the latest annual report published by Bank Al-Maghrib’s Central Bank Accounts Registry. The data point to sustained progress in financial inclusion, driven primarily by a significant increase in the number of first-time banking customers.
By the end of 2025, the total number of bank accounts in Morocco had reached 39.8 million, up 4% from 2024. During the year, 3.2 million new accounts were opened, representing a 3% increase year-on-year. Current accounts remained by far the most common, with 25.8 million accounts, or 64.8% of the total, followed by savings accounts with 11.5 million (28.9%) and checking accounts with 1.8 million (4.4%).
Time deposit accounts and other account categories accounted for 1.2% and 0.6% of the total, respectively. Foreign currency-denominated accounts remained limited in number, totaling 116,096, or 0.3% of all accounts, with 76% denominated in euros.
19.9 million people hold bank accounts
The report indicates that 19.9 million people held at least one bank account by the end of 2025, including 19.3 million individuals (61% men and 39% women) and 626,714 legal entities.
Among individual account holders, 89% were Moroccan residents, while Moroccans living abroad accounted for 9%. Resident and non-resident foreign nationals each represented just 1% of individual account holders.
Regarding age distribution, nearly one-quarter of individual account holders were aged 60 and over, representing 4.6 million people. In terms of account ownership, 46% of identified individuals held a single bank account, 29% had two accounts, and 25% held three or more.
The report also notes that 936,158 individuals joined the banking system for the first time in 2025, up from 883,579 in 2024. Women accounted for an increasing share of these first-time customers, rising from 45% in 2024 to 49% in 2025, further narrowing the gender gap.
Young people continued to make up the majority of new customers, with 62% of first-time account holders under the age of 25. In addition, 92% were Moroccan residents, while Moroccans living abroad represented 5%.
Young people drive banking growth
The banking penetration rate, which measures the share of the resident adult population holding at least one active bank account, rose to 62% in 2025 from 58% a year earlier. The increase was driven by a 7% rise in the number of resident individuals with at least one active account, bringing the total to 16.5 million, more than offsetting the slower growth of the adult population.
The data nevertheless highlights a persistent gender gap. Banking penetration stood at 73% among men, compared with 50% among women.
By age group, the highest banking penetration rate among men was recorded in the 25-30 age bracket at 85%. Among women, the highest rate was observed among those aged 60 and over, at 62%.
