BMCI A Leading Financial Institution in Morocco

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Posted Feb 13, 2025

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BMCI is a leading financial institution in Morocco, with a strong presence in the country's banking sector.

BMCI is a subsidiary of Attijariwafa Bank, one of the largest banks in Morocco.

BMCI has been operating in Morocco for over 60 years, providing a wide range of financial services to individuals and businesses.

With a network of over 200 branches across the country, BMCI is well-positioned to meet the financial needs of its customers.

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BMCI History

BMCI's roots date back to 1940 when the Paris-based BNCI acquired the Banque de l'Union Nord-Africaine in Algiers to develop its activity outside Europe.

In 1950, BNCI-Afrique inaugurated a high-rise head office building on Casablanca's Place de France, a significant milestone in the bank's expansion.

The bank's Moroccan operations became a fully-fledged bank in 1943, following the acquisition of the Banque de l'Union Nord-Africaine.

BNCI renamed its Moroccan operations as BMCI in 1964, as part of the Moroccan government's policy to marocanise the banking sector.

Discover more: Banque Bonhôte

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BMCI listed on the Casablanca Stock Exchange in February 1972, marking a significant step in the bank's growth.

The Banque de Paris et des Pays-Bas (BPPB) had a significant presence in Morocco, dating back to 1902 when it started financing the Moroccan Sultanate.

In 1950, BPPB opened its first branch in Casablanca, which would eventually merge with other operations to form the Société Marocaine de Dépôt et de Crédit.

BMCI acquired the Société Marocaine de Dépôt et de Crédit in 2000, following the merger of BNP with BPPB to form BNP Paribas.

As of December 2014, BNP Paribas retained a significant stake in BMCI, owning 65.03 percent of the bank's total equity.

BMCI

BMCI is a significant player in the Moroccan banking industry. It was founded in 1943 and is headquartered in Casablanca.

The bank has a strong presence, with over 2,128 employees and a significant market share. Its activities are divided into three main areas: Retail and Financial Banking, Market and Investment Banking, and Asset Management.

BMCI's retail banking segment offers a range of products and services, including credit, insurance, and investment options. The bank's investment banking arm provides corporate finance and advisory services, as well as brokerage services.

For more insights, see: PNC Financial Services

Company Overview

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BMCI is a Morocco-based company with a rich history, having been incorporated in 1940. It's a specialized banking company with a strong presence in the industry.

BMCI operates in four main segments: Individuals, Professionals, Private Banking, and Companies. Each segment offers a range of services tailored to meet the specific needs of its clients.

The company's Individual segment includes credit, insurance, saving, and investment services, as well as remote banking options. This is a convenient feature for those who prefer to manage their finances from the comfort of their own homes.

BMCI's Professional segment is designed to cater to the needs of businesses, with services such as BMCI medical that covers professional needs. This shows the company's commitment to supporting its clients' growth and development.

Here are the key figures that highlight BMCI's financial performance:

  • Revenue: 3.81 billion MAD (TTM)
  • Net income: 244.95 million MAD

BMCI's headquarters is located at 26. Place des Nations Unies, CASABLANCA, Morocco. The company can be contacted through its phone number +212 522461000 or fax number +212 522224604.

Growth and Expansion

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BMCI has a strong presence in Morocco with a network of 19 branches and 60 ATMs, serving a large customer base.

The bank offers a range of products and services, including corporate banking, consumer banking, and investment banking.

BMCI's corporate banking services cater to the needs of large businesses, providing solutions for cash management, trade finance, and investment banking.

The bank has a significant presence in the Moroccan market, with a strong reputation for stability and reliability.

BMCI's consumer banking services include credit cards, loans, and deposit accounts, making it a one-stop shop for personal banking needs.

The bank's investment banking services include mergers and acquisitions, equity and debt capital markets, and asset management.

Carole Veum

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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