Bank of Africa (Morocco)
Bank of Africa (formerly the Moroccan Bank of Foreign Commerce, (Arabic: البنك المغربي للتجارة الخارجية) or BMCE Bank) is a large commercial bank in Morocco. According to the company's website, it operates over 697 branches in Morocco alone. and 560 branches in the rest of the african continent. Bank of Africa has offices in Europe, Asia, France, Spain, United Kingdom, China, Italy, Germany, UAE, Belgium, Canada and Netherlands.[1]
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| Type | Joint stock |
|---|---|
| CSE: 1100 | |
| Industry | Finance –insurance |
| Founded | 1959 |
| Headquarters | Casablanca, Morocco |
Key people | Othman Benjelloun, (CEO) |
| Products | cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management |
| Revenue |  US$1,8 billion (2016) |
| US$280,8 million (2016) | |
| Total assets | US$ 30 billion (2016) |
| Total equity | US$ 1,7 billion (2015) |
| Website | bankofafrica |
The bank's stock is listed on the Bourse de Casablanca, or the Casablanca Stock Exchange.
Related organizations :
Members of the BMCE Group include :
- Bank of Africa – bank holding company
- BMCE Bank International – international business
- BMCE Capital – investment banking
- RMA Watanya – insurance
- Meditel – telecom
- Medi 1 – radio station
- Maghrebail – leasing
- FinanceCom – holding company
- Africa Morocco Link – shipping company
References
- "Groupe BMCE BANK - Notre Groupe bancaire - Réseau BMCE Bank - Réseau MRE à l'étranger - bmcebank.ma". www.bmcebank.ma. Archived from the original on 15 February 2016. Retrieved 24 August 2017.
External links
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