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In 2008, Luxembourg-based AFH, the parent company of the Bank of Africa Group, rebranded itself into Bank of Africa Group S.A., and BMCE took a 35% shareholding interest, bringing financial capital and banking expertise. [12] BMCE became majority owner of the BOA group in 2010, and held a 72.6 percent equity stake by 2013. [6]
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Bank Al-Amal, part-owned by BCP Group Banque Centrale Populaire, part of BCP Group Banque Marocaine du Commerce Extérieur (BMCE), part of Banque of Africa - BMCE Group
BMCE Bank is looking to build on its ties with China to help finance and develop a new industrial city in the north of Morocco, its president and chief executive told Reuters. BMCE, one of the ...
By the early 2020s, SGMB was the fourth-largest bank in Morocco behind market leader Attijariwafa Bank, the cooperative Banque Populaire Group, and the former BMCE renamed Bank of Africa. [7] On 12 April 2024, Société Générale announced the sale of its 57.7 percent stake in SGMB to Saham Group together with its insurance subsidiary, La ...
Othman Benjelloun (Arabic: عثمان بن جلون, romanized: ʿUthmān bin Jallūn; born 1932 [1]) is a Moroccan billionaire financier. He is known for developing BMCE Bank and Bank of Africa, serving as that financial group's chairman and chief executive officer.