Morocco’s BCP acquires 100% of capital of Brazzaville-based BCI

Morocco’s BCP acquires 100% of capital of Brazzaville-based BCI

Morocco’s BCP bank said on Friday it completed the acquisition of BCI bank in Congo Republic from France’s BPCE after having met all regulatory requirements.

Speaking on the sidelines of a ceremony to seal the agreement, BCP CEO Kamal Mokdad said “the acquisition of BCI will help BCP group strengthen its presence in the Economic Community of Central African States through a program of financial inclusion based on a system of digital and technological solutions in line with the expectations of the market.”

“We pay a particular attention to valuing local competencies,” he said.

BCP has increased investments in Africa where it operates in 16. Globally the group has branches in 30 countries.

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