​Introduced in Morocco by the Dahir of 25 May 1926, the Group’s organizational and commercial model has been based from the outset on the concepts of mutuality and cooperation.

With this in mind, the first cooperative and regional Banques Populaires were created at the end of the 1920s in the Kingdom’s major cities.

In the aftermath of independence, as part of establishing the first milestones of the Moroccan banking and financial system, the public authorities reformed the Crédit Populaire du Maroc (CPM), through the Dahir of 28 February 1961, by dedicating it to development of the self-employed artisan and SME/SMI sectors. This reform also strengthened the organizational model of the CPM, now based on the existence of Banques Populaires Régionales, a central entity: the Banque Centrale Populaire, and a federating body: the CPM’s Management Committee.​