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Tag: Bank of Africa
Morocco’s Bank of Africa reports $260 mln profit in 2023
Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, ... Read More
Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023
Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that ... Read More
Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa
Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its ... Read More
Moroccan banks control 21% of the west African market
Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. ... Read More
Morocco‘s green transition gets €25 Mln support from EBRD, EU & GCF
Bank of Africa of Moroccan BMCE Group has received a €25 million funding provided by the European Bank for Reconstruction and Development (EBRD), with the ... Read More
Morocco’s Bank of Africa seeks to bring Indian investments to Morocco
Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways. ... Read More
Fitch downgrades three Moroccan banks
Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while ... Read More
BMCE rebrands to Bank of Africa
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that ... Read More