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in the heart of Africa and towards the world

Established in 32 countries, including 20 in Africa and with a presence of more than 1,800 points of sale

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Subsidiaries in Morocco

BANK OF AFRICA - BMCE Group's subsidiaries in Morocco are specialised in various financial sectors.

BMCE CAPITAL

BMCE CAPITAL is the Group's investment banking division. This subsidiary, created in 1998, is organised into 8 complementary and integrated business lines: Financial consulting and Engineering, Asset management, Stock exchange intermediation, Financial research, Private wealth management, Capital Market and Post-trade solutions. BMCE Capital aims to become a pan-African leader in investment banking.

 

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MAGHREBAIL

MAGHREBAIL is BANK OF AFRICA - BMCE Group's subsidiary specialised in leasing financing of capital goods and real estate for professionals and companies. Second-largest operator in the sector with a market share of 24.62%, MAGHREBAIL offers 40 years of business experience.

 

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SALAFIN

MAGHREBAIL is BANK OF AFRICA - BMCE Group's subsidiary specialised in leasing financing of capital goods and real estate for professionals and companies. Second-largest operator in the sector with a market share of 24.62%, MAGHREBAIL offers 40 years of business experience.

 

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MAROC FACTORING

MAROC FACTORING is BANK OF AFRICA - BMCE Group's subsidiary specialised in optimising the management of companies' account receivables: guarantee against the risk of non-payment, financing of commercial receivables and comprehensive portfolio management. 

 

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RM EXPERTS 

RM EXPERTS (Recovery International Management and Expertise) is Bank of Africa - BMCE Group's subsidiary specialised in the recovery of commercial receivables: management of overdue receivables, corrective management of the loan portfolio.

 

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Bank Al Karam 

Bank Al Karam (formerly BTI Bank) is the Group's participatory bank, launched in December 2017 in partnership between BANK OF AFRICA and the Al Baraka Bank Group.

Bank Al Karam shares all the values ​​of its parent company in terms of innovation and quality of service, rigor and respect for commitments to all its customers. Bank Al Karam continues to strengthen its diversified offering adapted to the expectations of Moroccans.

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International subsidiaries

32 countries currently host BANK OF AFRICA's activities in Africa, Europe, America and Asia.

BOA

BOA was founded in Mali in 1982 to become 35 years later one of the major pan-African groups. BOA is currently present in 4 areas of the Continent: 8 West African countries (Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, Togo and Ghana), 5 East African countries (Kenya, Uganda, Tanzania, Rwanda, Djibouti – Red Sea), 1 Central African country (DRC) and 1 Southern African country (Madagascar). Since 2010, BOA is 72.41% owned by BANK OF AFRICA which provides it with important strategic and operational support.

 

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BANQUE DE DÉVELOPPEMENT DU MALI 

BANQUE DE DÉVELOPPEMENT DU MALI (BDM) is the first Malian bank. It has nearly 50 branches and 70 points of sale throughout the country. Its 2016 year was marked by the launch of the insurance banking activity. BANK OF AFRICA constitutes 32.4% of the shareholding.

 

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LCB Bank 

LCB Bank is one of the leaders in credit distribution in Congo, and the country's largest bank in terms of branch network. BANK OF AFRICA constitutes 37% of the shareholding.

 

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BANK OF AFRICA UK 

Bank of Africa United Kingdom plc, formerly known as BMCE Bank International plc, is a leading international bank specialising in African investment. The banks connect international institutions and investors with a diverse portfolio of investment opportunities on the continent.

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BANK OF AFRICA Europe

BANK OF AFRICA Europe (formerly BMCE Bank International), launched in 1994, has bet on the potential of Spanish businesses and their international dimension, as well as the desire to reach horizons that other banks fail to explore, thanks to a perfect understanding of the wide range of products and services related to foreign trade and investments.

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BMCE EUROSERVICES

BMCE EUROSERVICES is BANK OF AFRICA's subsidiary specialised in money transfers. It is dedicated to the clientele of Moroccan and more widely African migrants. Present in Europe (Belgium, Spain, France, the Netherlands) but also in Canada, this subsidiary is 100% owned by

BANK OF AFRICA.

 

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BANK OF AFRICA SHANGHAI

The BANK OF AFRICA Group becomes the first Moroccan banking group to establish itself in China with the official opening of BMCE Shanghai Branch in 2019. The new BANK OF AFRICA SHANGHAI aims to become a key player in the financing of foreign trade operations between China and Africa, while actively participating in the promotion of Chinese investments in Africa.

The first year of activities shows promising results. At the end of this year, BMCE Shanghai Branch had provided $154 million in financing to Chinese and African clients.

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