Isabel Ruckelshauß

Isabel Ruckelshauß Moroccan Banks' Expansion in Sub-Saharan Africa

Moroccan Banks' Expansion in Sub-Saharan Africa

The Criteria for Country Selection

Diskussionspapiere - Volkswirtschaft des Vorderen Orients

Klaus Schwarz Verlag
Sprache: Englisch
1. Auflage ()
geheftet, 35 Seiten
ISBN 9783879977284

Three »waves« of bank inter­na­tio­na­li­sa­tion in the 1800s, the 1960s and the 1990s have now been followed by a fourth wave: South-South bank inter­na­tio­na­li­sa­tion . This paper focuses on the expan­sion of Moroccan banks in sub-Saharan Africa (SSA).
The pace at which the three largest commer­cial banks in Morocco have been expan­ding in SSA is remar­kable. Few acti­vi­ties in SSA could be regis­tered until 2003, when Atti­ja­ri­wafa, Banque Centrale Popu­laire/Crédit Popu­laire du Maroc (BCP) and Banque Maro­caine du Commerce Extér­i­eure (BMCE) banking groups began to acquire shares in exis­ting banks and to estab­lish subsi­dia­ries. In the late 1980s, BCP and BMCE were active in the Central African Repu­blic, Côte d’Ivoire, Guinea and Mali. However, no further acti­vi­ties followed. Since 2003, the speed of expan­sion has been tremen­dous: in 23 of the 49 SSA coun­tries, taken toge­ther, the banks were present 47 times in May 2016. These three are the biggest and the only Moroccan banks which achieved this remar­kably rapid expan­sion.
The analyses serve the checking of two hypo­theses: first, the hypo­thesis that GDP growth is taken as a signal for banking market poten­tial; second, the hypo­thesis that exports from Morocco to the host country lure Moroccan banks to the same country.