Description: The Moroccan Deposit Insurance Corporation (SGFG) is responsible for managing the collective deposit guarantee fund and the guarantee gund for the Deposits of participating banks.
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The Moroccan Deposit Insurance Corporation (SGFG) was established in May 2015, by the virtue of the Banking Law of 24 December 2014 (Law n°103.12 relating to credit institutions and alike).
The mandate of the SGFG is to manage the Deposit Insurance Fund of commercial banks (called FCGD) as well as the Deposit Insurance Fund of participatory banks (Islamic banks).