The Moroccan Treasury and External Finance Directorate (DTFE) has unveiled its annual ranking of top-performing banks in the Treasury Bonds (BDT) market for 2024. Once again, Attijariwafa Bank secured the top spot among Treasury Securities Intermediaries (IVT), reaffirming its dominance in the sector. Close behind are BMCE Capital and Banque Centrale Populaire (BCP), underscoring their critical role in maintaining and regulating Morocco’s financial markets.
What defines the top banks?
The DTFE evaluates banks annually based on several key performance indicators. These include:
- Market activity: Contributions to the primary and secondary markets for Treasury Bonds.
- Debt management support: Active participation in managing Morocco’s domestic debt.
- Electronic trading compliance: Adherence to standards for Treasury Bond electronic quotations.
- Advisory excellence: The quality of advice and data provided to the DTFE.
These criteria aim to reward financial institutions that promote the stability and growth of Morocco’s bond markets, a crucial foundation for the country’s economic development.
BMCE Capital and BCP: Strong contenders
Ranking second and third respectively, BMCE Capital and Banque Centrale Populaire continue to demonstrate their commitment to supporting Morocco’s national bond market. Their active management of public debt and consistent adherence to market standards have solidified their positions as industry leaders.
Treasury bonds play a pivotal role in financing the Moroccan government and managing its debt. As intermediaries, these top-performing banks facilitate the mobilization of financial resources necessary for national development. By ensuring market liquidity and transparency, they help attract both domestic and international investors, which is essential for sustaining economic growth.
By recognizing Attijariwafa Bank, BMCE Capital, and BCP as leading Treasury Securities Intermediaries, the DTFE underscores the importance of rigorous financial market management. The performance of these institutions directly supports Morocco’s broader economic strategy, reinforcing investor confidence and enabling more efficient debt financing.
This annual ranking highlights not only the competition within Morocco’s banking sector but also the strategic importance of the bond market in shaping the country’s financial stability and future economic success.
