# Bank of Africa BMCE

> Source: https://docs.barcoder.ai/docs/wallets/bmce-bank-of-africa
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BOA Group — official](https://www.boa-group.com/)

## 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** <sup>[1][1], [Morocco report](https://docs.barcoder.ai/docs/payments/MA)</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/cih-bank) (CIH Bank; Moroccan commercial bank) + [Banque Populaire Maroc (BCP)](https://docs.barcoder.ai/docs/wallets/banque-populaire-maroc) (Banque Centrale Populaire BCP; CSE: BOA; Morocco's #2 commercial bank by assets; Moroccan cooperative banking group) + [Crédit du Maroc](https://docs.barcoder.ai/docs/wallets/credit-du-maroc) (Crédit du Maroc; Holmarcom Group Moroccan parent post-2023 Crédit Agricole France divestment) + [Standard Bank](https://docs.barcoder.ai/docs/wallets/standard-bank) (Standard Bank South Africa; JSE: SBK; Africa's largest banking group by assets) + [Ecobank / Ecobank Mobile App](https://docs.barcoder.ai/docs/wallets/ecobank) (Ecobank Transnational Inc; ETI; African Development Bank-backed Pan-African banking group across 35+ African countries) + [FNB Banking App (First National Bank)](https://docs.barcoder.ai/docs/wallets/fnb-app) (FNB South Africa; FirstRand Group; South Africa's largest banking group + 12M+ customers + eWallet pioneer) + [Absa Bank](https://docs.barcoder.ai/docs/wallets/absa) (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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.boa-group.com/ "BOA Group — official"
[2]: https://en.wikipedia.org/wiki/BMCE_Bank "BMCE Bank — Wikipedia"
[ma-cro]: https://docs.barcoder.ai/docs/payments/MA

- [1] [BOA Group — official][1]
- [2] [BMCE Bank — Wikipedia][2]
- <sup>[Morocco report](https://docs.barcoder.ai/docs/payments/MA)</sup> In-corpus: `reports/countries/MA-morocco.md`

## Source

Biography extracted from [bmce-bank-of-africa.md](https://docs.barcoder.ai/source/wallets/bmce-bank-of-africa). See `matrix.md` for standards-support matrix if present.