Saham Bank

What Saham Bank does

Saham Bank is a Moroccan universal bank headquartered in Casablanca, operating a full-stack banking platform that serves retail customers, professionals and very-small businesses (Auto-Entrepreneurs), SMEs, large corporates, Moroccans Resident Abroad (MRE), expatriates, and digital-native youth. The bank is built on a share capital base of 2,152,500,000 MAD and serves 1,001–5,000 employees through a national distribution network of branches, automated Smart Stores, and an agency-banking "Khallasni" point network.

The bank's core offering spans current and savings accounts, term deposits, consumer credit, housing finance (Salaf), vehicle financing, means-of-payment instruments (cards, checks, transfers), and bancassurance products distributed through partnerships with La Marocaine Vie and Allianz Maroc. Underlying delivery is multi-channel: physical branches, a mobile app, an online banking portal, biometric-authentication smart ATMs, and the nabD digital-banking platform targeted at younger and underbanked segments. The Saham group also encompasses regulated subsidiaries — Saham Paiements (payment institution authorized by CNDP), Saham Capital Gestion (asset management), and Athéna Courtage (brokerage).

The business model combines net interest income from lending and deposit gathering with fee income from payment services, asset management, brokerage, and insurance distribution. Since 2025 the bank has operated independently following its separation from Société Générale France, during which it has raised €55M from the EBRD for green-finance lending, acquired CMI's merchant portfolio, and reported a more-than-doubling of net income.

Name

Saham Bank

Legal name

Saham Bank

Website

https://sahambank.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Saham Bank is a Casablanca-headquartered Moroccan universal bank offering retail, professional, SME, corporate, MRE, and digital-youth banking through a nationwide branch network, automated Smart Stores, the nabD neobank, and group subsidiaries covering payments, asset management, and brokerage.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

Keywords

• Retail banking services
• Consumer credit loans
• Mortgage lending
• Commercial banking
• Insurance distribution

Headquarters

HQ city

Casablanca

HQ country

Morocco

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Saham Bank generates revenue primarily from the spread between interest earned on loans (consumer credit, mortgage, professional lending) and interest paid on deposits (savings accounts, current accounts, term deposits). Interest rates vary by product, with mortgage terms up to 25 years, consumer credit up to 84–120 months, and professional credit up to 7–15 years.
2. Banking Service Fees and Commissions: Fees are charged for account management (e.g., 90 DH TTC per quarter for convertible dirham accounts), interbank transfers, international transfers, ATM withdrawals at other banks (6.60 DH TTC), credit file fees, and various transactional services. Credit card annual fees vary by card tier.
3. Insurance Distribution: Saham Bank distributes a comprehensive range of insurance products (life, health, property, assistance, protection) through its branch network. Insurance partners include La Marocaine Vie, Allianz Maroc, and Africa First Assist. The bank acts as an insurance intermediary, earning commissions on insurance products including WIQAYA, Vital Santé International, Vital Protection, Proassur, Quiétude, Secours Monde, Médicassist, and Confort Habitation.
4. Savings and Investment Product Management: Revenue is generated from managing customer savings and investment products including OPCVM funds (actions, diversifiés, obligated), term deposits, and savings accounts. The bank distributes investment funds managed by Saham Capital Gestion, including SG Épargne Plus Actions, My Expansion, SG Perspectives, Horizon Mid & Small Cap, Invest Equilibre, and Al Baraka Action.
5. Digital Banking Subscription (nabD): The nabD digital bank subsidiary charges subscription fees for premium tiers (LIBERTÉ+ at 29 DH/month) and generates revenue from digital banking operations targeting younger demographics and digitally savvy customers.
6. Green Finance and ESG-Linked Lending: Following the €55 million EBRD partnership (2025), Saham Bank develops green financial products and ESG-linked loans targeting Moroccan businesses pursuing decarbonization and sustainable development, potentially generating revenue through differentiated lending rates and green bond arrangements.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Saham Bank is a Moroccan universal bank providing retail, professional, and corporate banking services through a nationwide branch network, 24/7 Smart Stores, mobile banking apps, and a digital neobank subsidiary (nabD). Its core offerings include current and savings accounts (Hissab El Kenz, Tawfir Bayti), consumer and mortgage credit (Crédit à la Consommation, Salaf Bayti), professional and corporate financing (Prolease, Crédit Moyen/Long Terme), Visa and Mastercard payment cards, insurance distribution (life, health, property, assistance), investment funds (OPCVMs), and digital banking services with biometric account opening.

Product overview

Saham Bank is a Moroccan universal banking group operating as a Société Anonyme with 2,152,500,000 DH capital, headquartered in Casablanca. The bank offers a comprehensive financial services ecosystem comprising two primary channels: the traditional Saham Bank brand serving consumers, professionals, corporates, and Moroccans abroad (MRE), and the digital-first nabD sub-brand targeting younger demographics. The product portfolio spans multiple integrated lines: (1) Deposit accounts including checking, convertible dirham, foreign currency, and passbook savings (Hissab El Kenz); (2) Savings and investment products including Vitamine Revenus, Tawfir Bayti (housing savings), and a full OPCVM fund range (SG Épargne Plus Actions, My Expansion, SG Perspectives, Horizon Mid & Small Cap, Invest Equilibre, Al Baraka Action); (3) Credit solutions covering consumer loans, mortgages (Salaf Bayti), personal loans, and professional financing including leasing (Prolease), investment credits (CMT/CLT), and startup support (Tamwil Intelak, Crédit 1ère Installation); (4) Insurance offerings distributed through partnerships with La Marocaine Vie, Allianz Maroc, and Africa First Assist, including health (Vital Santé International, Médicassist), property (Assurance Confort Habitation), provident (WIQAYA, Vital Protection), and vehicle assistance (Secours Plus, Secours Monde); (5) Payment services including Visa and Mastercard card variants (from Classic to Infinite), Cash Sarii domestic transfers, and Transfert Banky for international student remittances; (6) Banking packs (Pack Signature, Pack Dynamic, Pack Ahlan, Pack Alamente) bundling services for different customer segments. The bank also maintains dedicated professional banking solutions for SME financing needs including working capital facilities, seasonal credits, and public procurement guarantees. The mobile banking application provides account management, card controls, bill payments, and credit simulation.

Differentiator

Problem solved

Functional benefit

Products and services

• Saham Bank (Universal Banking) Moroccan universal bank offering retail, professional, and corporate banking services through a nationwide branch network, 24/7 Smart Stores, mobile banking app, and digital subsidiary. Provides current and savings accounts, consumer and mortgage credit, payment cards, insurance distribution, investment products, and services for Moroccans Residing Abroad (MRE).
• nabD Digital Bank Digital banking brand of Saham Bank offering 100% digital account opening and management via mobile app with biometric (facial recognition) authentication. Targets younger demographics and tech-savvy customers with freemium pricing (LIBERTÉ free tier, LIBERTÉ+ at 29 DH/month). Includes budget tracking, savings goals (Cagnotte nabD), salary advance, teen banking via nabD Ados (ages 12–18), and card-linked discounts at 40+ partner brands up to 40%.
• Pack Signature (Premium Banking Package) Premium banking package for high-net-worth individuals offering Visa Gold, Mastercard Titanium, Visa Platinum, or Visa Infinite cards with monthly pricing from 110 to 275 DH TTC, dedicated banker, free account maintenance, unlimited free transfers, and exclusive partner privileges.
• Pack Dynamic (Mid-tier Banking Package) Mid-tier banking package for clients seeking efficient day-to-day banking with choice of Visa Classic, Visa Gold, or Mastercard Titanium card. Monthly pricing from 55 to 75 DH TTC, dedicated banker, free account maintenance, unlimited free transfers, and premium partner access.
• Pack Ahlan (MRE Banking Package) Banking package designed for Moroccans Residing Abroad (MRE). Offers free account management, free automatic debits, free Morocco transfers, free international transfer reception, free Cash Sarii disbursements, free cheque remittances, and 50% discount on mortgage file fees. Includes Visa Classique Contactless card.
• Pack Alamente (Expatriate Banking Package) Banking package for expatriates and foreigners residing in Morocco, offering 50% exemption on fees for international transfers, free domestic transfers, and clear fixed-rate pricing tailored to expatriate needs.
• Compte Chèque (Current Account) Current account for daily banking operations enabling deposits, withdrawals, transfers, and payments for retail and professional customers.
• Compte en Dirhams Convertibles Account in convertible dirhams allowing international transactions and foreign currency conversion for clients conducting cross-border business and expatriates.
• Compte en Devises (Foreign Currency Account) Foreign currency account for operations in foreign currencies, ideal for international exchanges, transfers, and MRE/expatriate banking needs.
• Hissab El Kenz (Passbook Savings) Passbook savings account offering secure, flexible savings with guaranteed remuneration set by Bank Al-Maghrib, permanent fund availability, and quarterly interest payments. Minimum 100 DH, maximum 400,000 DH.
• Vitamine Revenus (Term Savings) Structured savings product locking capital for 2, 3, or 5 years with quarterly interest payments and guaranteed capital. Rates from 2.40% to 2.70% depending on duration. Minimum 10,000 DH.
• Compte à Terme (CAT) Term deposit account with guaranteed capital offering flexible durations from 1 month to 5 years with market-based interest rates paid at maturity.
• Tawfir Bayti (Housing Savings Plan) Plan Épargne Logement for accumulating capital toward primary residence purchase or construction with full tax exemption on interest after 3 years.
• Crédit à la Consommation (Consumer Credit) Consumer credit financing personal projects such as vehicle purchases, renovations, or daily budget management with principle response within 48 hours and flexible repayment terms up to 84-120 months.
• Crédit Immobilier / Salaf Bayti (Mortgage Loan) Mortgage loan for purchasing, constructing, or renovating residential properties with competitive rates, flexible monthly payments, and maximum duration of 25 years (final installment by age 73).
• Crédit Personnel (Personal Loan) Personal loan for specific needs not covered by consumer or mortgage credit, including land acquisition, business purchases, or agricultural financing, with repayment terms up to 10 years.
• Visa Infinite (Premium Card) Premium credit card offering unlimited payment capacity, 24/7 concierge service, free unlimited access to 950+ airport lounges worldwide via LoungeKey, comprehensive travel insurance up to $1M medical coverage, and exclusive luxury privileges.
• Visa Platinum Biométrique Premium card with fingerprint authentication, elevated withdrawal and payment limits, free airport lounge access (6/year), travel assistance via International SOS, purchase protection, and extended warranty coverage.
• Visa Gold Mid-premium card with elevated payment limits, real-time card management via mobile app, International SOS medical and travel assistance, and 20%+ car rental discounts internationally via Avis.
• Visa Classic Standard payment and withdrawal card for domestic and international use with contactless payment, secure online transactions via 3DS, and full mobile app management.
• Mastercard Titanium & Titanium Pro Card with elevated withdrawal and payment limits, contactless payment up to 600 DH, Priceless Cities exclusive experiences, 15% AVIS car rental discount, and theft insurance within 15 minutes of ATM withdrawal.
• Cash Sarii (Domestic Cash Disbursement) Domestic cash disbursement and fund transfer service enabling instant cash-to-cash or account-to-cash transfers with tiered pricing and 5th operation free, with withdrawal available at any Saham Bank branch.
• Transfert Banky (International Student Transfer) International student transfer service enabling parents to send regular monthly or one-time funds to students studying abroad, with competitive euro zone pricing and currency exchange facilities.
• Vital Santé International (International Health Insurance) International health insurance offering lifetime coverage for hospitalization expenses in Morocco and abroad. Two formulas (Confort covering Africa/Europe, Premium covering worldwide excluding Asia/Switzerland/Canada/USA), covering up to 1.5-10 MDH per year per insured. Underwritten by La Marocaine Vie.
• WIQAYA (Provident Insurance) Provident insurance protecting against serious illness, disability, or death with customizable coverage from 50,000 to 1,500,000 DH. Includes dread disease coverage and tax-free benefits.
• Vital Protection (Accidental Death Insurance) Accidental death insurance providing 10,000 DH emergency capital within 48 hours plus 3,000 DH (Option 1) or 10,000 DH (Option 2) monthly income for one year, at annual premiums of 99-245 DH. Provided by La Marocaine Vie.
• Vital Sécurité (Accident Hospitalization Insurance) Accident insurance covering hospitalization expenses following accidents and accidental death benefits, with individual or family coverage at a flat annual rate of less than 1 DH per day per adult.

Quantifiable outcome

• Net income more than doubled in 2025 compared to prior year in the first full year as Saham Bank post-separation from Société Générale
• +4 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Interbank Electronic Banking Center (CMI)coreStrategic or Co-development Partner · 23 December 2025Saham Paiements, Saham Bank's electronic card payments subsidiary, agreed to take over part of CMI's merchant portfolio. This acquisition is part of Morocco's broader effort to modernize its payment systems and open the market to greater competition among payment providers. The deal will accelerate the rollout of modern, market-tailored payment solutions for Moroccan merchants.
• La Marocaine Vie (Insurance)coreOthersLa Marocaine Vie is Saham Bank's primary life and health insurance partner, providing insurance products distributed through the bank's network including Vital Santé International (hospitalization), Vital Protection (accidental death), Vital Sécurité (hospitalization due to accident), Vital Retraite, Vital Éducation, Vital Projet, Vital Multisupport, WIQAYA, Wiqaya Homme Clé, and Tawfir Bayti (housing savings). Saham Bank acts as an insurance intermediary, with La Marocaine Vie as the insurer.
• Allianz Maroc (Insurance)coreOthersAllianz Maroc partners with Saham Bank for property and casualty insurance products distributed through the bank, including Proassur (multi-risk professional insurance) and Quiétude (payment method protection and assistance insurance). Athéna Courtage, a Saham Bank subsidiary, acts as the insurance intermediary for these products.
• Africa First Assist (Assistance Services)majorOthersAfrica First Assist provides Saham Bank customers with medical and technical assistance services including Médicassist (Morocco), Secours Plus (worldwide), and Secours Monde (Morocco and international coverage including medical expenses up to €30,000). Services are available 24/7.
• TAMWILCOM / TAWLICOM (Ex-CCG) (Government Guarantee)majorOthersTAMWILCOM (formerly CCG - Caisse Centrale de Garantie) provides partial guarantees for certain Saham Bank credit products, specifically the Crédit 1ère Installation (professional startup credit up to 2 million DH) and Tamwil Intelak program for young entrepreneurs and project carriers.
• International SOS (Travel and Medical Assistance)minorOthersInternational SOS provides international medical and travel assistance services to holders of premium Visa cards (Gold, Platinum, Infinite) issued by Saham Bank. Services include 24/7 medical advice, evacuation, repatriation, and travel assistance worldwide.
• Visa (Payment Network)coreTechnology or IntegrationSaham Bank issues Visa-branded payment cards including Visa Classic, Visa Gold, Visa Platinum (biometric), and Visa Infinite. The Visa network provides global acceptance, payment infrastructure, and card-linked benefits including airport lounge access, travel insurance, and purchase protection. nabD issues Visa International cards.
• Mastercard (Payment Network)coreTechnology or IntegrationSaham Bank issues Mastercard-branded cards including Mastercard Essentielle, Mastercard Titanium, and Titanium Pro. The Mastercard network provides global acceptance, Priceless experiences platform, and exclusive merchant benefits for cardholders.
• Priceless (Mastercard Experiences Platform)minorGTM or Marketing PartnerMastercard's Priceless platform provides exclusive experiences (dining, travel, entertainment) for Mastercard Titanium cardholders at Saham Bank, offering preferential access to restaurants, attractions, and events globally.
• Booking.com (Travel Partner)minorGTM or Marketing PartnerMastercard Titanium holders at Saham Bank receive 10% discount on hotel bookings made through Booking.com, providing travel benefits that enhance the card's value proposition.
• Avis (Car Rental Partner)minorGTM or Marketing PartnerSaham Bank premium cardholders (Visa Gold, Platinum, Infinite; Mastercard Titanium) benefit from Avis car rental discounts globally (15% internationally, discounts in Morocco), enhancing travel and lifestyle benefits.
• LoungeKey (Airport Lounge Access)minorGTM or Marketing PartnerLoungeKey provides access to airport lounges worldwide for Visa Platinum and Visa Infinite cardholders at Saham Bank, enabling complimentary or discounted access to airport lounges in major international airports.
• Athéna Courtage (Insurance Broker)coreChannel Partner/ Reseller/ DistributorAthéna Courtage is a Saham Bank subsidiary that acts as an insurance broker distributing insurance products including Proassur and Confort Habitation (underwritten by Allianz Maroc) through the Saham Bank network.
• Saham Capital Gestion (Asset Management)coreChannel Partner/ Reseller/ DistributorSaham Capital Gestion manages OPCVM (mutual fund) investment products distributed through Saham Bank's network. Products include equity funds (SG Épargne Plus Actions, My Expansion, Horizon Mid & Small Cap, Al Baraka Action), diversified funds (SG Perspectives, Invest Equilibre), and other specialized investment vehicles.
• NextCare (Health Insurance Third-Party Administrator)majorOthersNextCare provides 24/7 call centre services for health insurance claim management and hospital admission guarantee for Vital Santé International insured members, facilitating direct billing and cashless hospitalization abroad.
• nabD Partner Retail and Lifestyle BrandsminorGTM or Marketing PartnernabD (Saham Bank's digital subsidiary) offers card-linked discounts and promotions with over 40 partner brands including Levi's, Samsung, City Sport, Papa John's, UNO.ma, with savings up to 40%. These partnerships drive nabD card adoption and usage among younger, digitally active customers.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Attijariwafa Bank: Morocco's largest universal bank by assets, offering retail, professional, corporate, and investment banking plus a major African footprint through Attijari Bank affiliates. Directly competes with Saham Bank across all Moroccan customer segments and serves as the benchmark incumbent.
• Banque Populaire du Maroc (BCP): Major Moroccan cooperative bank with deep retail and SME penetration, including the Chaabi network and Banque Populaire du Maroc group. Direct competitor to Saham Bank in retail deposits, consumer credit, professional financing, and SME banking.
• Bank of Africa (BMCE Group): Universal Moroccan bank with strong corporate banking, capital markets, and African subsidiaries. Direct peer to Saham Bank in commercial banking, trade finance, and Moroccan corporate relationships, with a similar scale profile post-spin-off scenarios.
• Crédit du Maroc: Moroccan universal bank focused on retail, professional, and corporate banking, owned by Crédit Agricole and Holmarcom. Directly comparable to Saham Bank in product mix and customer segments, with overlapping branch coverage in major Moroccan cities.
• Crédit Agricole du Maroc: Moroccan commercial bank with strong agricultural and SME lending focus. Comparable to Saham Bank's professional banking segment and serves similar customer profiles in Morocco's rural and semi-urban markets.

Broad incumbents

• Société Générale: French banking group that was Saham Bank's parent until the 2025 separation. Provides the inherited international correspondent banking, trade finance, and product structuring DNA that defines Saham's current capabilities. Operates broadly across global banking rather than specializing in the Moroccan market.

Regional players

• Banque Misr: Egypt's largest state-owned universal bank with retail, corporate, and Islamic banking franchises. Comparable as a North African universal bank serving a similar emerging-market customer base, though operating in a different geography than Saham.
• Commercial International Bank (CIB) Egypt: Leading Egyptian private-sector commercial bank with strong retail and corporate banking. Comparable to Saham Bank as a North African universal bank with similar product mix (deposits, lending, cards, digital), though serving the Egyptian market.

Emerging players

• Konnect Networks (Tunisia): Tunisian digital banking and neobank provider targeting youth and digital-native customers with mobile-first account opening. Comparable to Saham Bank's nabD subsidiary in targeting the same demographic segment in a similar North African market context.
• Wise: Global fintech specializing in low-cost cross-border money transfers and multi-currency accounts. Comparable to nabD's digital-first, low-fee proposition and to Saham Bank's international transfer services (Transfert Banky, Pack Ahlan) as a competitive benchmark for remittance pricing and digital UX.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nabDBySahambank
• Facebookfacebook.com/Soge.enligne
• LinkedInlinkedin.com/company/saham-bank-officiel
• Instagraminstagram.com/soge_ma
• TikToktiktok.com/@soge.ma
• Xx.com/saham_bank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saham Bank