Wallets/bmce-bank-of-africa
Bank of Africa BMCE
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Overview
Bank of Africa BMCE is CSE: BOA + Moroccan commercial bank + Othman Benjelloun + FinanceCom controlling + Morocco's #3 commercial bank by assets + Bank of Africa BOA Group present across 32 African countries via BMCE rebrand Aug 2020 1, Morocco report.
History
1959 — Banque Marocaine du Commerce Extérieur BMCE founded as Moroccan trade-anchored commercial bank.
1995 — BMCE Bank rebrand.
2010 — Othman Benjelloun + FinanceCom acquires controlling stake in Bank of Africa BOA Group consolidating BMCE African operations.
Aug 2020 — BMCE Bank rebranded as Bank of Africa BMCE BOA Group consolidating Pan-African banking operations.
2014 — BMCE Direct mobile banking app launch.
Ownership & operator
Operating entity: Bank of Africa BMCE BOA Group (Moroccan commercial bank; CSE: BOA).
Major shareholders: Othman Benjelloun (Moroccan businessman) + FinanceCom (Moroccan family conglomerate) ~37%+ controlling + Moroccan retail + institutional + foreign investors free float.
Regulators: BAM Bank Al-Maghrib + national regulators across 32+ countries.
Technical integration
BMCE Direct mobile app (iOS + Android) + boa-group.com online + Bank of Africa BMCE branch network across Morocco + 32 African countries + France + Spain + Italy + Germany + Belgium + Netherlands + UK + US + China international branches + Bank of Africa Visa + Mastercard cards; MA IBAN + Maroc Pay.
Implementations & partners
Major Moroccan + Pan-African banking + payments competitors: Attijariwafa Bank (Attijariwafa Bank; CSE: ATW; Morocco's largest commercial bank by assets; Royal SNI Holding controlling) + CIH Bank (Crédit Immobilier et Hôtelier) / CIH MOBILE (CIH Bank; Moroccan commercial bank) + Banque Populaire Maroc (BCP) (Banque Centrale Populaire BCP; CSE: BOA; Morocco's #2 commercial bank by assets; Moroccan cooperative banking group) + Crédit du Maroc (Crédit du Maroc; Holmarcom Group Moroccan parent post-2023 Crédit Agricole France divestment) + Standard Bank (Standard Bank South Africa; JSE: SBK; Africa's largest banking group by assets) + Ecobank / Ecobank Mobile App (Ecobank Transnational Inc; ETI; African Development Bank-backed Pan-African banking group across 35+ African countries) + FNB Banking App (First National Bank) (FNB South Africa; FirstRand Group; South Africa's largest banking group + 12M+ customers + eWallet pioneer) + Absa Bank (Absa Group South Africa; JSE: ABG; South Africa's #3 commercial bank by assets) + United Bank for Africa (UBA United Bank for Africa; NGX: UBA; Pan-African banking group across 20+ African countries).
Regulators: BAM Bank Al-Maghrib + national regulators across 32+ countries.
Status
Active, CSE:BOA + Moroccan commercial bank + Othman Benjelloun + FinanceCom controlling + Morocco's #3 commercial bank by assets + Bank of Africa BOA Group present across 32 African countries via BMCE rebrand Aug 2020 1, 2.
Sources
- 1 BOA Group — official
- 2 BMCE Bank — Wikipedia
- Morocco report In-corpus:
reports/countries/MA-morocco.md
Source
Biography extracted from bmce-bank-of-africa.md. See matrix.md for standards-support matrix if present.