1904 France's
Compagnie Algérienne established its first Moroccan branch in
Tangier, later complemented by branches in Casablanca and other Moroccan cities
1959 On the eve of independence, the Compagnie Algérienne, with 38 branches, had the largest network in Morocco.
1964 The Moroccan operations of the Compagnie Algérienne became an autonomous subsidiary, the Compagnie Marocaine de Crédit et de Banque (CMCB)
1968 A group of Moroccan private investors acquired majority control of the CMCB, together with the Compagnie Financière de Suez.
2001 Wafabank acquired
BBVA's subsidiary BBVA Maroc and BBVA increased its stake in Wafabank to 10%, further cementing the partnership commenced in 1997.
2003 Banque Commerciale du Maroc acquired Wafabank.