Al Barid Bank

[1] Al Barid Bank was formed on 8 June 2010,[2] following a three-year process of preparation, and received a full banking license later in 2010,[3]: 3  even though it only serves individual customers.

[5] Al Barid Bank has been credited with enabling significant progress towards financial inclusion in Morocco, helping to raise the share of Moroccan adults with access to banking services from 34 percent to 62 percent just between 2010 and 2014.

Al Barid is also dominant in the Moroccan market for remittance services.

[5] By 2020, Al Barid Bank had over 7 individual customers in Morocco,[2] and by November 2022 2.3 million used its mobile services.

[2] Since early 2023, Mr Al-Amine Nejjar has been the chief executive (chairman of the management board) of Al Barid Bank.