Bank of Africa SA
CCSEMA:BOA184.80
MAD
+8.89
(+5.05%)
ISIN
MA0000012437
Return %
Stock
S&P 500
1Y
-22.82
14.20
3Y
7.08
81.12
5Y
15.37
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Othman Benjelloun
- Sector
- Finance
- Industry
- Major banks
- Address
- Casablanca Morocco
- IPO Date
- Jun 16, 1975
- Website
- bmcebank.ma
- Similar Companies
- Business
- Bank of Africa SA is a Morocco-based universal banking and financial services group that provides a comprehensive suite of commercial, corporate, investment, and specialized financial solutions to individuals, professionals, small and medium-sized enterprises (SMEs), large corporations, and institutional clients. Founded in 1959 as Banque Marocaine du Commerce Extérieur (BMCE) and headquartered in Casablanca, Morocco, the company operates as a key banking subsidiary of O Capital Group. The institution organizes its activities into four core business divisions: Retail and Commercial Banking, Corporate and Investment Banking, Specialized Financial Services, and Participatory Banking. The company's core product and service offerings comprise demand, current, and savings accounts; term deposits; residential mortgages; personal and consumer loans; debit, credit, and prepaid payment cards; cash management; import and export trade financing; documentary credits; and remote banking services via its BMCE Direct web and mobile platforms. Through its investment banking division, BMCE Capital, the group provides mergers and acquisitions advisory; debt and equity capital markets origination; structured finance; syndicated lending; fixed income and equity brokerage; asset management; private banking; custody services; and foreign exchange and commodities hedging. Specialized financial offerings, managed through subsidiaries such as Salafin and Maghrebail, include consumer credit; automobile financing; equipment and real estate leasing; factoring; and bancassurance products. Geographically, Bank of Africa SA maintains operations across more than thirty countries throughout North Africa, Sub-Saharan Africa through its Bank of Africa (BOA) network in West, East, and Central Africa, Europe through Bank of Africa Europe branches in London and Madrid, and Asia through a representative presence and full-service branch in Shanghai, China. In recent operational developments, the group has accelerated its digital transformation roadmap with the rollout of end-to-end digital customer acquisition and modernized digital payment platforms across its retail banking network. The group has also expanded its strategic partnerships with international financial institutions, including multi-million-dollar risk-sharing and trade finance agreements with the International Finance Corporation (IFC) and green financing facilities with the European Bank for Reconstruction and Development (EBRD) targeted at SME capacity building, climate resilience projects, and women-led enterprises. Additionally, the bank has reinforced its capitalization and balance sheet through subordinated and sustainable debt issuances while continuing to consolidate cross-border corporate financing synergies across its pan-African footprint.