Holmarcom Finance Company has agreed to acquire the 67% controlling stake held by BNP Paribas in Moroccan lender Banque Marocaine pour le Commerce et l’Industrie (BMCI), the two groups said on April 29.
The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals in Morocco, including from Bank Al‑Maghrib and the Competition Council. Financial terms were not disclosed.
As part of the deal, BNP Paribas and Holmarcom will establish a long‑term commercial partnership to ensure continuity of services for corporate and international clients operating in Morocco.
BNP Paribas said it would retain activities in the country through its corporate and investment banking arm as well as its Arval vehicle‑leasing business, and would support BMCI during the transition.
Holmarcom, a family‑owned Moroccan financial group and a shareholder in BMCI for more than 30 years, said the acquisition supports its strategy to expand in banking and to build a more integrated financial platform, potentially strengthening links between BMCI and Crédit du Maroc, another lender it controls.
BNP Paribas said the divestment aligns with its portfolio simplification and capital optimization strategy, estimating the transaction would add about 15 basis points to its CET1 ratio upon completion.
