Tag: Bank of Africa

Morocco’s Bank of Africa reports $260 mln profit in 2023

March 27, 2024

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

November 7, 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

December 27, 2022

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

October 1, 2022

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

September 25, 2021

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

December 13, 2020

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

May 19, 2020

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

April 3, 2019

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