By 1959, the Compagnie Algérienne had 38 branches in Morocco, the largest network in the country.
In 1968, a group of Moroccan private investors acquired majority control of the CMCB, together with the Suez Company.
Credit Agricole Indosuez also took a 14.8 percent stake in Wafabank.
In 2000 Wafabank and Keur Khadim, a Senegalese holding company, agreed to establish Senbank to provide banking services in the Economic Community of West African States (ECOWAS).
In 2004, the Kettani family that owned Wafabank at the time sold their stakes to ONA Group, which resulted in the merger with Banque Commerciale du Maroc to form Attijariwafa Bank.