From 2013 to 2023, there is a noticeable decline in the number of commercial bank branches per hundred thousand adults in Morocco. The data reveals a peak in 2018 at 24.89 units, followed by a consistent drop, with figures standing at 20.82 units in 2023.
Year-on-year decreases amplify in the recent years, with a 2.94% drop from 2022 to 2023 and an 8.36% decline in 2021. The Compound Annual Growth Rate (CAGR) averages -3.51% over the past five years. Forecasts from 2024 to 2028 project a continuous downward trend, with a five-year CAGR of -1.65% and an expected 7.99% overall decline by 2028.
Future trends to watch for include the impact of digital banking adoption and changes in consumer behavior, which may further accelerate the decline in physical bank branches. Additionally, regulatory shifts and economic factors could influence branch consolidation strategies.
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