Bank Al-Amal
Bank created in 1989 to exclusively serve Moroccans Residing Abroad (MRE) and their families. Bank Al-Amal is the only Moroccan bank dedicated to MRE with a capital of 500 million MAD.
Products offered
- MRE mortgage
- MRE construction loan
- MRE vehicle loan (Europe import)
- Foreign currency account
- Savings repatriation
Key strengths
- Only 100% MRE-dedicated bank
- MAD-denominated loans with euro guarantee
- Streamlined Europe vehicle imports
- Representative offices in Europe
Geographic presence
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About Bank Al-Amal
Bank Al-Amal is the only Moroccan bank dedicated to Moroccans Residing Abroad. Founded in 1989 and owned by the State and MRE investors, it designs its products specifically for the diaspora: MAD-denominated mortgages guaranteed by foreign currency savings, vehicle loans for importing used cars from Europe, and multi-currency accounts.
The Oriental region (Oujda, Nador), the Béni Mellal region, and the Casa-Rabat area host most of the network, mirroring the main diasporas (France, Belgium, Germany, the Netherlands, Italy, Spain). The bank offers APRs 20 to 40 basis points below the conventional banks' scale, thanks to the quality of its files (significant MRE down payments, regular euro flows).
Bank Al-Amal supports MRE at every stage of the return home: land acquisition, family villa construction, imported vehicle purchase, tax residence file. Its European offices streamline remote procedures.
Customer reviews for Bank Al-Amal
Good welcome at the branch
Responsive customer service, an attentive advisor. Reasonable account-opening time. A few fees to watch, but overall satisfied.
Karim B. · March 2026
Smooth mobile app
The app works very well for transfers and balance checks. Very handy to manage your account without visiting the branch.
Fatima Z. · April 2026
Consumer loan granted quickly
File processed in 5 days, fair rate, professional advisor. I recommend it for permanent-contract employees.
Youssef R. · May 2026
Reviews aggregated from Google My Business, Trustpilot and wafir.ma — updated monthly
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Compare Bank Al-Amal with other banks
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Frequently asked questions about Bank Al-Amal
How do I open a Bank Al-Amal account in Morocco?+
To open a Bank Al-Amal account, visit a branch with your national ID, proof of address less than 3 months old and an initial deposit (typically MAD 200-500). Current account opening is instant and you receive a bank statement (RIB) the same day.
What are Bank Al-Amal's account maintenance fees?+
Bank Al-Amal applies a monthly account fee typically between MAD 10 and 30, plus card fees (MAD 50-300/year depending on tier). Compare rates on wafir.ma before opening.
Does Bank Al-Amal offer mortgages?+
Yes, Bank Al-Amal offers mortgages with APRs between 3.8% and 5.4% in 2026 depending on your profile. Maximum term 25 years, minimum down payment 10-20%. Simulate your monthly payment on wafir.ma.
How can I contact Bank Al-Amal customer service?+
Reach Bank Al-Amal via the customer number in branch or through https://www.bankalamalmre.ma. Standard hours are 8:30am-3:45pm Monday-Friday (8:30am-11:45am Saturday). For urgent files, book an appointment online.
Does Bank Al-Amal accept Moroccans living abroad (MRE)?+
Yes, Bank Al-Amal offers a dedicated MRE service: foreign-currency accounts, international transfers, MAD-denominated mortgages with euro collateral. Documents accepted remotely (national ID, passport, country-of-residence income proof).