Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-G3NQKG

Banking licence restrictions affecting UK exporters/investors in Morocco

in Morocco

Trade barrier summary

The banking sector in Morocco is reasonably competitive, with a number of national financial institutions with international footprints, as well as several subsidiaries of foreign banks. However, the Central Bank - Bank Al Maghrib - has stopped issuing permits for credit banks, protecting existing banking institutions. A possible exception to this is if banks can provide assurance of their added value to Morocco.

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Sectors affected

• Financial and professional services

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Resolved

No

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Date reported

12 June 2019

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Last updated

18 December 2020

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Public ID

PID-G3NQKG

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