CFG Bank
Morocco's newest banking license — a tech-forward institution built from an established investment bank, positioned for growth companies and digitally-native investors.
Headquarters
CasablancaFounded
Banking license granted 2021; CFG Group itself founded 1996
Regulator
Bank Al-Maghrib
Parent / Group
CFG Group
Overview
CFG Bank is the most recently licensed of Morocco's commercial banks, built on top of CFG Group's long-standing investment banking and brokerage franchise. It has positioned itself deliberately as the digitally-native, growth-company-friendly option — a genuinely different profile from Morocco's legacy banking groups.
History
CFG Group has operated as an investment bank and brokerage in Morocco since 1996. It was granted a full banking license around 2021, launching CFG Bank as a digital-first retail and corporate bank built on that investment-banking heritage rather than a converted legacy retail network.
Key Figures
Banking license
Granted circa 2021
Group heritage
CFG Group investment bank and brokerage, established 1996
Positioning
Digital-first, growth-company and tech-sector oriented
Services & Investor Support
Foreign Investor Support
A strong option specifically for tech, growth-stage and capital-markets-oriented investors who want a modern digital banking experience and genuine investment banking capability, rather than a legacy retail branch network.
International Presence
- Morocco-focused, with capital-markets-oriented international relationships via CFG Group's brokerage network
Languages Supported
Industries Financed
ESG Financing
Not currently documented — No dedicated ESG financing line publicly documented at this time — confirm current offering directly with the bank.
Advantages for International Investors
- Genuine investment banking and capital markets heritage, unusual among Moroccan retail-facing banks
- Digital-first account opening and servicing experience
- Growth-company and technology-sector orientation
- Smaller, more agile institution — often faster decision cycles than legacy groups
Required Documents
- Valid passport (all beneficial owners and signatories)
- Proof of address (home country, less than 3 months old)
- Company incorporation documents, if opening a corporate account
- Foreign investment declaration filed with the intermediary bank (Office des Changes regime)
- Source-of-funds documentation
- Morocco tax ID (Identifiant Fiscal), once available
Document requirements vary by account type and bank — confirm the current checklist directly with the institution, or use the Banking Guide for the general process.