Bank of Africa
Mohammed VI Tower, where the future headquarters of BOA will be located | |
| Company type | Public |
|---|---|
| MASI: BOA | |
| Industry | Financial services |
| Founded | 1959 |
| Headquarters | Casablanca, Morocco |
Key people | Othman Benjelloun (Group chairman & CEO) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management |
| € 76 million (2017) | |
| Total assets | € 9.406 billion (2021) |
| Total equity | € 746 million (2016) |
Number of employees | 5655 (2016) |
| Subsidiaries |
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| Website | bankofafrica |
Bank of Africa (BOA) is a Moroccan international financial services group headquartered in Casablanca, Morocco. It was formed through the 2010 acquisition of Bank of Africa (est. 1982 in Mali) by the Banque Marocaine du Commerce Extérieur (BMCE, Arabic: البنك المغربي للتجارة الخارجية, lit. 'Moroccan Bank of Foreign Trade', est. 1959), following which BMCE rebranded its commercial operations as Bank of Africa in 2020. The BMCE name survives in the byline "BMCE Group" incorporated in the BOA brand identity.
As of 2024, the bank is the third-largest in Morocco, with major shareholders including Moroccan financier Othman Benjelloun and French bank Crédit Mutuel Alliance Fédérale. Listed on the Casablanca Stock Exchange, BOA operates in numerous African countries, offering a broad range of financial services across the continent.