Credit du Maroc (Ste) SA
CCSEMA:CDM940.00
MAD
+12.00
(+1.29%)
Credit du Maroc (Ste) SA
CSEMA:CDM
(Casablanca Stock Exchange)
Recent
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940.00
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div
yld
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ROIC.AI
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- Business
- Crédit du Maroc (Ste) SA is a Morocco-based universal banking institution that provides a comprehensive range of commercial, retail, corporate, and investment banking solutions to individuals, professionals, small and medium-sized enterprises (SMEs), and large corporate clients. The bank operates through several specialized business lines offering retail banking products, including demand deposits, savings accounts, payment and debit/credit cards, consumer loans, vehicle financing, and residential mortgages; corporate and commercial banking services, including operating credit, equipment financing, real estate development loans, project finance, leasing, factoring, and structured credit facilities; international trade and transaction banking services, including documentary credits, letters of guarantee, collections, and cash management; Sharia-compliant financial solutions offered via its dedicated Arreda participative banking window; bancassurance products, encompassing life, health, property, and casualty insurance; private banking and wealth management services, including portfolio management and financial advisory; capital markets and securities services, including treasury management, foreign exchange hedging, securities brokerage, and custody through CDM Capital Bourse; and offshore banking services through Crédit du Maroc Internationale-Banque Offshore. Founded in 1929 and headquartered in Casablanca, Morocco, the bank maintains an extensive domestic network of retail branches, specialized corporate centers, and automated teller machines. Crédit du Maroc (Ste) SA operates as a subsidiary of Moroccan conglomerate Holmarcom Group, which finalized the complete acquisition of Crédit Agricole S.A.'s remaining 15% equity stake in June 2024 to reach a 78.7% controlling interest. Under its Cap 2028 strategic transformation plan, the bank has actively modernized its core technology and datacenter infrastructure, expanded its MyCDM mobile and online banking capabilities, and established a strategic partnership with Mastercard to roll out advanced digital payment solutions and foster financial inclusion across Morocco.