Two Moroccan Banks Make 2025 Forbes Global 2000 List
Attijariwafa Bank, led by CEO Mohamed El Kettani, ranks 979th globally with impressive financial metrics. The bank reported $4.84 billion in revenue, $956 million in profits, $71.7 billion in assets, and a market capitalization of $14.44 billion.
Founded in 1911 and headquartered in Casablanca, Attijariwafa Bank employs over 20,583 people. The bank provides international commercial banking services through various business areas, including domestic banking, Europe and offshore; specialized financial subsidiaries; international retail banking; and insurance and property.
BCP, under the leadership of Naziha Belkeziz, placed 1,812th in the global ranking. The bank posted revenues of $3.3 billion, profits of $416 million, assets valued at $53.5 billion, and a market capitalization of $5.97 billion.
Established in 1926 with headquarters also in Casablanca, BCP operates as a commercial bank focusing on banking intermediation and management services. The institution employs 2,717 people and was formally incorporated on February 2, 1961.
The Forbes Global 2000 list, now in its 23rd edition, evaluates companies based on four equally weighted criteria: revenue, profits, assets, and market value.
Africa's representation in the ranking remains limited, with only 17 companies making the cut. South Africa dominates the continental presence with 14 companies, followed by Morocco with two and Egypt with one. Attijariwafa Bank and BCP rank 6th and 16th, respectively, among African entries.
The global ranking continues to be topped by American companies, with JPMorgan Chase maintaining its top position for the third consecutive year. The US has 612 companies on the list, while China follows with 317.
The top 10 global companies include JPMorgan (USA), Berkshire Hathaway (USA), ICBC (China), Saudi Aramco (Saudi Arabia), Amazon (USA), Bank of America (USA), China Construction Bank (China), Agricultural Bank of China (China), Alphabet (USA), and Microsoft (USA).
Collectively, the 2,000 companies in this year's ranking represent $52.9 trillion in annual revenue, $4.9 trillion in profits, $242.2 trillion in assets, and a combined market capitalization of $91.3 trillion.
Banking remains the most represented industry in the ranking with 328 institutions. The sector's strong presence is partly attributed to banks' naturally high asset values, with 88 of the top 100 companies by assets being financial institutions.
Read also: Morocco's Corporate Dominance: 14 Firms Rule North Africa's Top 20 Tags: Attijariwafa Bank GroupBanque Centrale Populaire (BCP)Forbes
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