Concept

Bank of Africa Group

Summary
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, (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. History BMCE was created in 1959, shortly after the country's independence, and listed on the Casablanca Stock Exchange in 1974. In 1995, it was privatized and became controlled by Moroccan businessman Othman Benjelloun through insurer Royale marocaine d'assurance. BOA's initial bank in Sub-Saharan Africa was established in late 1982, in Bamako, Mali, by local businesspeopl
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