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Banque Marocaine du Commerce can refer to one of two banking companies: BMCE Bank (Banque Marocaine du Commerce Extérieur) BMCI (Banque Marocaine du Commerce et de l'Industrie)
The Banque Marocaine pour le Commerce et l'Industrie (BMCI, lit. ' Moroccan Bank for Commerce and Industry ') is a bank in Morocco, headquartered in Casablanca.It is majority-owned subsidiary of Paris-based BNP Paribas (BNPP), and originates from the Moroccan operations of a predecessor of BNPP, the Banque Nationale pour le Commerce et l'Industrie (BNCI).
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]
The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, [4] making it Canada's oldest bank. [5] In 2023, the company’s seat in the Forbes Global 2000 was 84. [ 6 ] Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto , Ontario, since 1977.
That same year, Deutsche Bank acquired 10% of the BCM's equity capital. In 1969, a further capital increase resulted in significantly higher Moroccan ownership of the BCM's shares. [1]: 136 By the late 1970s it was the largest private bank in Morocco, only surpassed by government-controlled BMCE and Crédit Populaire du Maroc. [2]
Merged into the Bank of Montreal. [58] Bank of Canada (1st) 1818 1831 Merged into the Bank of Montreal. [59] Bank of Clifton 1859 1863 Reincarnation of Zimmerman Bank. Closed. [60] Bank of the County of Elgin 1855 1862 Closed. [61] Bank of Fredericton 1836 1839 Merged into the Commercial Bank of New Brunswick. [62] Bank of Hamilton: 1872 1923
A Banque Populaire branch in downtown Casablanca, in the former building of the Bank of British West Africa [7] Branch in the Old Town of Fez. The starting point of BCP Group was a Royal Decree or dahir promulgated by the authorities of the French protectorate in Morocco on 25 May 1926 authorizing the formation of cooperative banks in the territory, inspired by the French legislation of 1917 ...
The Sir John A. Macdonald Building is a former bank building in Ottawa now owned by the federal government of Canada. It is located at 144 Wellington Street, at the corner of O'Connor Street, with a third frontage on Sparks Street, just in front of West Block of Parliament. Its façade indicates its former heritage as a Bank of Montreal branch ...