Bank of Africa Group
Bank of Africa (BOA) is a Moroccan banking conglomerate headquartered in Casablanca, Morocco, 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 Banque Marocaine du Commerce Extérieur (BMCE, (Arabic: البنك المغربي للتجارة الخارجية; "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, UAE, Belgium, Canada and Netherlands.
Bank of Africa head office in Casablanca, in 2008 still under BMCE brand identity | |
| Company type | Private |
|---|---|
Traded as | CSE: 1100 |
| Industry | Financial services |
| Founded | 1959 |
| Headquarters | Casablanca, Morocco |
Key people | Othman Benjelloun Group Chairman & CEO |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management |
Net income | € 76 million (2017) |
| Total assets | € 9.406 billion (2021) |
| Total equity | € 746 million (2016) |
Number of employees | 5655 (2016) |
| Website | bankofafrica |
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