Saham Bank (ex-Société Générale Maroc)

Saham Bank is the new name of Société Générale Maroc (Société Générale Marocaine de Banques — SGMB), one of the Kingdom's oldest banks: its first branch opened in Casablanca in 1913, according to the official website. In April 2024, France's Société Générale group agreed to sell its 57.67% stake to the Saham Group founded by Moulay Hafid Elalamy, for around 745 million euros; the transaction — which also included the life insurer La Marocaine Vie — was completed in late 2024 after clearance from Bank Al-Maghrib, and the bank unveiled its new identity as Saham Bank on 18 June 2025 (Challenge.ma). A public limited company with a management board — chaired by Ahmed El Yacoubi — and a supervisory board, it is headquartered at 55, boulevard Abdelmoumen in Casablanca and remains licensed by Bank Al-Maghrib under banking law 103-12.

2025 key figures: according to the financial communication as of 31 December 2025, consolidated net banking income reached MAD 6,206 million (+6.9%), group net income MAD 1,705 million (+117.7%, the 2024 financial year having been affected by exceptional items, including a post-sale tax reassessment), consolidated customer loans MAD 102.1 billion (+8.7%) and deposits MAD 86 billion (+7.4%, excluding certificates of deposit). Solvency ratio: 14.33%, Tier 1: 13.85%. The momentum continued into early 2026 with first-quarter consolidated net banking income of MAD 1,596 million (+8.8%) per Challenge.ma (May 2026). The bank is rated Ba1 (positive outlook) by Moody's and BB by Fitch, and secured a 55-million-euro green financing line from the EBRD (official press room).

Salaf Bayti mortgages: the home-loan range covers purchase, construction, renovation and investment, complemented by Salaf Bayti Imtilak, an offer in partnership with the Mohammed VI Foundation for the Promotion of Social Works for Education and Training. The bank does not publish a rate grid: according to our 2026 mortgage rate barometer, fixed rates observed on the Moroccan market range from 3.75% (prime profiles) to 4.80%, with most offers between 4.10 and 4.50%, in a context where Bank Al-Maghrib's key rate is held at 2.25%. Moroccans living abroad can check our MRE mortgage guide for foreign-currency down-payment specifics.

Consumer credit, student loans and the Eqdom subsidiary: the bank markets consumer loans, the Convention Équilibre authorized overdraft and the Bank-In family of student loans (Prêt Enseignement Plus, Prêt Etudes Master, Prêt Ordi). According to our 2026 comparison of 10 lenders, bank consumer-loan rates range from 5 to 8% depending on the profile. Eqdom, the long-standing consumer and car credit subsidiary listed on the Casablanca Stock Exchange, is around 61% directly owned at end-2025 (57.72% before 2025, a stake reinforced by the buyout of INVESTIMA's shares and a takeover bid at MAD 1,045 per share, per the annual financial communication). For car financing, see our Wafasalaf-Salafin-Sofac-banks comparison and our 7-bank new-car loan comparison.

Subsidiaries: Saham Leasing, La Marocaine Vie, Saham Paiements: Sogelease Maroc, the leasing subsidiary, changed its corporate name to Saham Leasing at its general meeting of 23 June 2025 (Challenge.ma) — our leasing vs car loan guide compares the two formulas. The life insurer La Marocaine Vie, acquired together with the bank, carries the bancassurance business. In 2025 the group also launched Saham Paiements, a subsidiary dedicated to digital payment collection for merchants, and relies on its brokerage and asset-management companies.

Digital: nabD, formerly Sogé: in January 2026, the fully online offering Sogé became nabD, Saham Bank's digital bank, with fully remote account opening advertised at 5 minutes since July 2026 (official press room). The bank also offers a mobile app, a biometric Visa Platinum card (fingerprint payment) and the MyFX foreign-exchange platform.

2025, the year of disconnection from Société Générale France: the 2025 financial communication describes a successful brand, tools and process autonomy — digital applications and internal systems were disconnected from the French group as part of its operational independence. The network numbers close to 250 branches and around 3,000 employees according to the official company profile, covering all of the Kingdom's main cities.

Applying for a loan at Saham Bank, step by step: 1) simulate your project with Wafir.ma's calculators; 2) gather your national ID, last 3 payslips, last 3 bank statements, employer certificate and, for property, the preliminary sales agreement or cost estimate; 3) submit the application in a branch or online; 4) approval in principle, property appraisal for mortgages, then signature of the loan offer; 5) allow several weeks between a complete file and disbursement at the notary for a mortgage.

Complaints and recourse: first send a written complaint to your branch or the customer relations department — credit institutions must reply within 40 working days. If the answer is unsatisfactory, refer the matter free of charge to the Moroccan Banking Mediation Center (CMMB), then, as a last resort, to Bank Al-Maghrib. In case of repayment difficulties, our banking mediation guide details the steps, and loan consolidation can be considered (our debt consolidation guide). Your deposits are covered by the collective deposit guarantee fund managed by the SGFG up to MAD 80,000 per depositor.

Wafir.ma is an independent comparison service: we are neither a credit institution licensed by Bank Al-Maghrib nor an insurance intermediary licensed by ACAPS. The rates quoted are observed market ranges, not an offer from Saham Bank: only the contractual offer issued by the bank is binding.