Saham Bank Receives First International Rating from Fitch Ratings

Saham Bank Receives First International Rating from Fitch Ratings

Saham Bank, formerly known as Société Générale Marocaine de Banques, has announced its first international rating from Fitch Ratings, reflecting its financial robustness, position within the national banking system, and the stability of its economic model.

Fitch assigned the bank a long-term rating of BB with a stable outlook, confirming the soundness of its financial fundamentals and the viability of its development strategy.

This achievement follows the withdrawal of Société Générale SA, a historical stakeholder, and the entry of the Moroccan group Saham, demonstrating the bank’s resilience and cautious management despite rising levels of non-performing loans.

Fitch also affirmed Saham Bank’s national ratings, assigning it AA(mar) for the long term and F1+(mar) for the short term, placing the bank among the highest rated in the sector nationally.