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Bank Of Africa's Overview

Total employees3849
HeadquartersCasablanca
Founded1959

Bank of Africa - BMCE Group (BOA) is a prominent pan-African multinational banking conglomerate headquartered in Casablanca, Morocco. Originally Banque Marocaine du Commerce Extérieur (BMCE Bank), it rebranded to Bank of Africa in 2020 to reflect its continental ambition. The group offers a wide range of financial services including retail banking, corporate banking, investment banking, asset management, and insurance. It has a significant presence in over 20 African countries, as well as representative offices and branches in Europe and Asia, positioning itself as a key financial player supporting economic development across Africa.

Where is Bank Of Africa's Headquarters?

HQ Function

The headquarters serves as the central hub for the group's strategic decision-making, corporate governance, financial oversight, and coordination of its extensive network of subsidiaries across Africa and internationally.

Notable Features:

The headquarters building is a significant modern architectural structure in Casablanca, reflecting the bank's status. It's equipped with advanced technology to support its vast operations.

Work Culture:

The work culture at BOA's headquarters is typically professional, dynamic, and results-driven, with a strong emphasis on pan-African collaboration, innovation in financial services, and customer-centricity.

HQ Significance:

The Casablanca headquarters is symbolic of the bank's Moroccan roots and its strategic position as a bridge for financial flows and investments into and across the African continent.

Values Reflected in HQ: The headquarters likely reflects values such as stability, growth, pan-African solidarity, modernity, and commitment to the economic development of the continent.

Location:

Bank of Africa - BMCE Group supports a wide array of functions globally, with a primary focus on the African continent. These include retail banking for individuals, corporate banking for businesses of all sizes, investment banking and capital markets activities, specialized financial services like leasing and factoring, insurance products through its Saham Assurance subsidiary (though this has seen divestment, historical link is important), and international trade finance. Its network spans over 20 African countries, with key operations in West, Central, East, and North Africa, complemented by representative offices and banking operations in Europe (e.g., France, Spain, UK) and a presence in Asia, facilitating global trade and investment flows into Africa.

Street Address:

140 Avenue Hassan II

City:

Casablanca

State/Province:

Country:

Morocco

Bank Of Africa's Global Presence

Paris, France

Address: Bank of Africa - Europe, 39 Av. Pierre 1er de Serbie, 75008 Paris, France

Facilitates financial flows and business development between Europe and the African countries where BOA operates.

Abidjan, Côte d'Ivoire

Address: Bank of Africa Côte d'Ivoire, Angle Avenue Terrasson de Fougères et Rue Gourgas, Plateau, Abidjan

Key operational center for West Africa, driving financial inclusion and supporting local economies.

Nairobi, Kenya

Address: Bank of Africa Kenya Ltd, BOA House, Karuna Close, Off Waiyaki Way, Westlands, Nairobi

Supports trade and investment in the East African Community (EAC) and strengthens the bank's pan-African network.

Dakar, Senegal

Address: Bank of Africa Senegal, Place de l'Indépendance, Dakar

Strengthens BOA's footprint in Francophone West Africa, offering diverse financial solutions.

Buying Intent Signals for Bank Of Africa

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Bank Of Africa

As of April 2025, Bank Of Africa' leadership includes:

Othman Benjelloun - Chairman and Chief Executive Officer
Brahim Benjelloun-Touimi - Group Executive Managing Director
Amine Bouabid - Chief Executive Officer, Bank of Africa (Morocco)
Mounir Chraibi - Group Deputy CEO in charge of Corporate Banking
Khalid Nasr - Group Deputy CEO in charge of Finance, Technology and Operations

Investors of Bank Of Africa

Bank Of Africa has been backed by several prominent investors over the years, including:

FinanceCom (Holding company of Othman Benjelloun)
British International Investment (BII - formerly CDC Group)
Publicly traded on the Casablanca Stock Exchange (Bourse de Casablanca)
Other institutional and individual shareholders

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

While major C-suite leadership at Bank of Africa - BMCE Group has been relatively stable, ongoing strategic appointments may occur within subsidiaries or key group functions. Specific high-profile C-suite changes across the entire group are not frequently publicized unless they are very significant.

Technology (Tech Stack) used by Bank Of Africa

Discover the tools Bank Of Africa uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Bank Of Africa Email Formats and Examples

Bank of Africa - BMCE Group likely utilizes standardized corporate email formats. Common patterns include [first_initial][last]@[domain] or [first].[last]@[domain]. The primary domain is bankofafrica.ma for Moroccan operations, and other country-specific domains may exist for subsidiaries (e.g., bankofafrica.co.ke for Kenya).

f[last]@bankofafrica.ma or [first].[last]@bankofafrica.ma

Format

obenjelloun@bankofafrica.ma

Example

70%

Success rate

News and media

Morocco World NewsMarch 7, 2024

Bank of Africa Reports Robust Growth in 2023 with Net Profit Up 13.6%

Bank of Africa (BOA) Group has reported strong financial performance for the year 2023, with its net profit attributable to shareholders (RNPG) reaching MAD 2.3 billion ($228 million), a 13.6% increase compared to 2022. The group’s net banking income (NBI) also saw a significant rise of 11.3%, amounting to MAD 16.6 billion ($1.65 billion)....more

Bank of Africa Press Release / Financial DisclosuresOctober 26, 2023

Bank of Africa - BMCE Group Announces Strong Q3 2023 Financial Results

Bank of Africa - BMCE Group reported continued growth in its financial indicators for the third quarter of 2023, reflecting resilience in its diverse markets. Net Banking Income and customer deposits showed positive trends, supported by its pan-African expansion strategy and digitalization efforts....more

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