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Overseas subsidiaries

BMCE Bank of Africa currently has operations in 32 countries in Africa, Europe and Asia

BANK OF AFRICA


BANK OF AFRICA was established in 1982 in Mali. 35 years later, it has become one of the leading pan-African institutions. BOA now has operations in four of the continent's regions - 8 countries in West Africa (Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, Togo and Ghana), 5 countries in East Africa (Kenya, Uganda, Tanzania, Rwanda and Djibouti-Mer Rouge), 1 Central African country (DRC) and 1 Southern African country (Madagascar). Since 2010, BMCE Bank of Africa has owned a 72% stake in Bank of Africa and has provided the latter with a high level of strategic and operational support. 

Consolidated net banking income 2018: EUR 498 M
Consolidated net income 2018 : EUR 133 M

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bank-of-africa

MALI DEVELOPMENT BANK 

BANQUE DE DÉVELOPPEMENT DU MALI (BDM) is Mali's leading bank with a nationwide network of nearly 50 branches and 70 points of sale. 2016 saw the launch of its bank-insurance business. BMCE Bank of Africa has a 32.38% stake in the bank.

Consolidated net income 2018 : MAD 18.1 M

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BANQUE-DE-DEVELOPPEMENT-DU-MALI

LCB Bank 

LCB Bank is one of the market leaders in credit distribution in Congo and the country’s largest bank in terms of branch network size. BMCE Bank of Africa has a 37% stake in the bank.

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BMCE BANK INTERNATIONAL

BMCE BANK INTERNATIONAL (BBI PIc) is the Group's international investment and financial holding company. Based in Madrid, London and Paris, it provides international institutions and investors with an extensive range of opportunities on the African continent. BBI also offers African corporates its financial expertise and improved access to international capital markets.

Net income 2018: EUR 9 M 

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BMCE-BANK-INTERNATIONAL

BMCE EUROSERVICES

BMCE EUROSERVICES is BMCE Bank of Africa's specialist money transfer subsidiary. Its customer base comprises the overseas African diaspora, particularly Moroccans living abroad. With operations in Europe (Belgium, Spain, France and the Netherlands) as well as in Canada, this subsidiary is wholly-owned by BMCE Bank of Africa.  

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BMCE-EUROSERVICES