Societe Generale Morocco (SGMA) is a part of Societe Generale Group since 1962 with 414 branches, 3,010 employees and more than 800,000 clients.
The convertible dirham (MAD) account is the reference account for all transfer transactions. It allows you to make payments in local and foreign currencies.
By choosing Société Générale Morocco, you will benefit from the expertise of an International Bank, its large network and an optimal security on your funds transfers.
An easy way to make and receive your payments in different currencies (MAD, USD, EUR GBP …)
The convertible dirhams account is best suited for your payments in the local currency. But it also enables you to receive and make payments in other foreign currencies.
A guaranteed cross border transferability of the funds credited to the account:
Funds credited to the account retain their full cross border transferability
A Simple and practical solution for foreign entities
Whether you are a non-resident foreign bank or a subsidiary of a Moroccan Bank established outside Morocco, the convertible dirham account is best suited for you.
Your commercial and treasury payments can be made via SWIFT and securely cleared through the local clearing systems.
The reporting of your MAD account is ensured via the daily transfer of MT940/MT950.
A multitude of transactions can be processed through the account
Your convertible MAD account can register a multiple and diversified types of transactions:
• Payments made in Dirhams in Morocco
• Purchase of foreign currency and proceeds of FOREX deals effected on the Moroccan Exchange Market
• Proceeds of shares investment which are related to placement and/or investment operations
CADRE : Benefits of SGMA’S offer
SGMA’s offer distinguishes itself through its competitive pricing as well as its quality of service secured by a dedicated team of people, who ensures a timely and quality processing of orders