Moroccan Banks Show Major Upside: AGR Identifies Up to 69% Growth Potential in Listed Banking Sector

Attijari Global Research has issued buy recommendations for six banks listed on the Casablanca Stock Exchange, with appreciation potential ranging from 15% to 69% based on August 31 pricing. Bank of Africa leads the pack with the highest upside at 69%, followed by BCP at 64%. The analysis reveals that 2028 valuations remain below normative levels for the banking sector, presenting compelling opportunities for investors seeking exposure to Morocco's financial services industry.

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