280:
585:
35:
256:
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44:
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has become the second major shareholder of the group with 25% of the company's equity as of end-2020. The largest shareholder remains Othman
Benjelloun at 27.4 percent, through his O Capital holding company and insurance company RMA Watanya.
409:
In 2008, AFH rebranded into Bank of Africa Group, and BMCE took a 35% shareholding interest, bringing much needed financial capital and banking expertise. BMCE became majority owner of the BOA group in 2010.
310:, with banking operations in Morocco and eighteen other African countries. Its main predecessor entities started in 1959 in Morocco and in 1982 in Mali. Until 2020 the group parent entity was known as the
326:; "Moroccan Bank of Foreign Trade"), a name that lingers as "BMCE Group" in the BOA brand identity as of 2022. BOA has offices in Europe, Asia, France, Spain, United Kingdom, China, Italy, Germany,
364:, by local businesspeople. It was formed to address the scarcity of banking services for local businesses and individuals, which was prevalent not only in Mali at that time, but across most of
733:
375:, as the holding company for BOA Mali in 1988. The objectives of AFH were to promote the establishment of banking subsidiaries across Africa, with local
382:
Starting in 1990 with BOA Benin, the BOA group started opening subsidiaries across the continent, initially in
Francophone countries but eventually in
414:
774:
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779:
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Africa, starting with BOA Kenya in 2004. To increase their capital base, AFH took on new investors including the PROPARCO, a division of the
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as a key component and to offer both management, technical support as well as equity participation in these new banking subsidiaries.
784:
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734:"Solid results & a significant second-half upturn: Credit Mutuel Alliance Fédérale is well placed for the recovery"
371:. This initial effort was without any external financial backing. The success of BOA Mali, led to the establishment of
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In 2020, BMCE rebranded itself as Bank of Africa. Through successive transactions since 2004,
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BMCE was created in 1959, shortly after the country's independence, and listed on the
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BOA had operational bank subsidiaries in the following countries, as of March 2016:
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34:
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in 1974. In 1995, it was privatized and became controlled by
Moroccan businessman
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17:
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The specialized subsidiaries of Bank of Africa Group include the following:
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BOA's initial bank in Sub-Saharan Africa was established in late 1982, in
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716:"BMCE Bank of Africa devient officiellement Bank of Africa"
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544:Entities of the BOA Group also include :
8:
27:
664:"Bank of Arica: Contact Us - Headquarters"
42:
33:
26:
52:, in 2008 still under BMCE brand identity
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392:Netherlands Development Finance Company
501:BOA France - Representative office in
312:Banque Marocaine du Commerce Extérieur
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7:
662:Bank of Africa (12 September 2022).
330:, Belgium, Canada and Netherlands.
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519:Banque de l'Habitat du Bénin (BHB)
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373:African Financial Holdings (AFH)
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743:. 18 February 2021. p. 30.
741:Crédit Mutuel Alliance Fédérale
415:Crédit Mutuel Alliance Fédérale
775:1982 establishments in Morocco
324:البنك المغربي للتجارة الخارجية
283:A Bank of Africa billboard in
48:Bank of Africa head office in
1:
780:Companies based in Casablanca
694:"About Bank of Africa Group"
641:Bank of Africa Group Website
348:Royale marocaine d'assurance
801:
604:Banque Populaire (Morocco)
765:Banks established in 1982
388:French Development Agency
340:Casablanca Stock Exchange
41:
32:
785:Companies in the BRVM 10
629:List of banks in Morocco
551:– international business
511:Specialized subsidiaries
298:) is a Moroccan banking
696:. Bank of Africa (BOAf)
549:BMCE Bank International
692:BOAf (17 March 2016).
619:United Bank for Africa
288:
670:. Casablanca, Morocco
377:capital participation
282:
224:9.406 billion (2021)
151:finance and insurance
770:Bank of Africa Group
427:Banking subsidiaries
28:Bank of Africa Group
570:Africa Morocco Link
250:Number of employees
29:
572:– shipping company
537:- BOA's IT company
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244:746 million (2016)
155:investment banking
87:Financial services
599:Attijariwafa Bank
344:Othman Benjelloun
302:headquartered in
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204:76 million (2017)
183:wealth management
147:corporate banking
121:Othman Benjelloun
16:(Redirected from
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760:Banks of Morocco
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422:Member companies
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346:through insurer
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566:– radio station
522:Equipbail Benin
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466:BOA Ivory Coast
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163:private banking
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668:Bank of Africa
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635:External links
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167:private equity
159:mortgage loans
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125:Group Chairman
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18:Bank of Africa
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531:Actibourse SA
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698:. Retrieved
674:12 September
672:. Retrieved
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591:Banks portal
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492:BOA Tanzania
453:BOA Ethiopia
449:BOA Djibouti
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362:Bamako, Mali
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311:
300:conglomerate
295:
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269:bankofafrica
231:Total equity
211:Total assets
139:Credit cards
101:Headquarters
58:Company type
624:Zenith Bank
488:BOA Senegal
476:BOA Morocco
442:BOA Burundi
369:West Africa
366:Francophone
351: [
259:5655 (2016)
754:Categories
650:References
497:BOA Uganda
484:BOA Rwanda
394:(FMO) and
384:Anglophone
304:Casablanca
191:Net income
175:securities
116:Key people
105:Casablanca
50:Casablanca
540:Attica SA
480:BOA Niger
462:BOA Kenya
457:BOA Ghana
436:BOA Benin
70:Traded as
700:17 March
577:See also
472:BOA Mali
135:Products
83:Industry
609:Ecobank
559:telecom
555:Meditel
445:BOA DRC
400:Natixis
398:(later
396:Natexis
334:History
308:Morocco
264:Website
171:savings
109:Morocco
93:Founded
62:Private
564:Medi 1
404:France
320:Arabic
287:, 2019
127:&
78:: 1100
737:(PDF)
535:Aissa
503:Paris
402:) of
355:]
285:Niger
702:2016
676:2022
316:BMCE
96:1959
328:UAE
318:, (
296:BOA
271:.ma
129:CEO
76:CSE
756::
739:.
718:.
684:^
666:.
557:–
406:.
390:,
357:.
353:fr
322::
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678:.
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314:(
294:(
242:€
222:€
202:€
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
