Moroccan Subsidiaries
Titre degradé
Subsidiaries
In Morocco, BANK OF AFRICA – BMCE Group subsidiaries are specialists in leasing, consumer credit, factoring and debt recovery.
BMCE CAPITAL
BMCE CAPITAL is the Group's investment banking arm. Established in 1998, this subsidiary is organised along 8 complementary but integrated business lines - corporate finance and advisory, asset management, securities brokerage, financial research, wealth management, capital markets and post-trade solutions. BMCE Capital aspires to become a pan-African leader in investment banking.
Net income 2022 : 259,8 M million
Social net income 2022 : 37,4 M million
MAGHREBAIL
MAGHREBAIL is BANK OF AFRICA – BMCE Group specialist lease financing subsidiary, helping corporates and professional customers to finance investment in capital goods and property. MAGHREBAIL, which has more than 40 years' experience, is ranked second in its industry with a 24.62% share of the market.
Net Banking Income 2022 : 440,7 MDH
Consolidated net income 2022 : 119 MDH
SALAFIN
SALAFIN is BANK OF AFRICA Group's specialist consumer credit subsidiary. Its product range comprises three types of product - personal loans, car finance and revolving credit. Established in 1997, SALAFIN is currently ranked fourth in its industry in terms of issuance.
Net Banking Income 2022 : 399,3 MDH
Consolidated net income 2022 : 85,8 MDH
MAROC FACTORING
MAROC FACTORING is BANK OF AFRICA specialist subsidiary in accounts receivable management: guaranteeing the risk of non-payment, accounts receivable financing and end-to-end portfolio management.
Net Banking Income 2022 : 32,6 MDH
Consolidated net income 2022 : 0,6 MDH
RM EXPERTS
RM EXPERTS (Recovery International Management and Expertise) is BANK OF AFRICA – BMCE Group specialist subsidiary in recovering accounts receivable: handling non-performing loans and credit portfolio management through corrective action.
Net Banking Income 2022 : 33,4 MDH
Consolidated net income 2022 : 1,3 MDH
BANK AL KARAM
La filiale participative du Groupe BANK OF AFRICA arbore désormais le nom de BANK AL KARAM depuis Juin 2023 pour refléter sa nouvelle identité. Cette période a été caractérisée par la mise en œuvre d'un plan ambitieux axé sur la croissance, s'appuyant sur deux piliers fondamentaux : l'expansion du réseau d'agences et la synergie avec la maison mère.
Produit Net Bancaire 2023 : 13,4 MDH
Résultat Net Social 2023 : -31 MDH