Skip to main content

THE MOROCCAN DEPOSIT INSURANCE CORPORATION

THE MOROCCAN DEPOSIT INSURANCE CORPORATION

Objectives

In accordance with its statutes, the SGFG aims to:

  • Manage the Deposit Insurance Fund of commercial banks (FCGD) as well as the Deposit Insurance Fund of participatory banks.
  • Reimburse depositors in the event of unavailability of their deposits or any other repayable funds up to a maximum coverage per depositor, natural or legal person, set up by Bank Al-Maghrib.
  • Grant, on behalf of these Funds, to a credit institution in difficulty, repayable loans on a preventive and exceptional basis.
  • Take holdings in member credit institution in difficulty or entities resulting from the application of the provisions of paragraphs 2, 3 and 4 of the article 115 of Banking Law 103.12, promulgated by Dahir No. 1-14-193 of 1st Rabii I 1436 (24 December 2014).
  • Intervene as a Provisional Administrator with a member credit institution in accordance with the provisions of the article 114 of Banking Law 103.12, promulgated by Dahir No. 1-14-193 of 1st Rabii I 1436 (24 December 2014).