Morocco · Financial institution
Bank of Africa
BANK OF AFRICA is a Moroccan public limited company (société anonyme) with its head office in Casablanca. It is a credit institution licensed by Bank Al-Maghrib. The bank was founded in 1959 as Banque Marocaine du Commerce Extérieur and privatised in 1995. It was renamed BANK OF AFRICA in 2020. Its largest shareholders are the insurer RMA, Banque Fédérative du Crédit Mutuel and Caisse de Dépôt et de Gestion. The bank provides retail, business and corporate banking in Morocco. It also heads a group that operates in Africa through BOA Holding (Luxembourg) and has banking subsidiaries in Europe.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BMCEMAMCXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BMCEMAMC directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 7 branch codes
- BIC first registered
- 1985-09-23
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Publicly listed
Ticker BOA
Institution type
Universal bank
Trades as BANK OF AFRICA - BMCE Group
- Standing
- The bank was renamed from Banque Marocaine du Commerce Extérieur (BMCE Bank) to BANK OF AFRICA in 2020. It is the same legal entity and remains active under the new name.
- Ownership
- A control block of 35.5% is held by RMA (27.4%), O Capital Group (7.2%) and SFCM (0.9%). Banque Fédérative du Crédit Mutuel holds 24.6% and Caisse de Dépôt et de Gestion holds 8.3%, as at 31 October 2025.
- Major shareholders
- RMA (Royale Marocaine d'Assurance) 27.4% · 31 Oct 2025
Banque Fédérative du Crédit Mutuel 24.6% · 31 Oct 2025
Caisse de Dépôt et de Gestion 8.3% · 31 Oct 2025
O Capital Group 7.2% · 31 Oct 2025
Groupe MAMDA/MCMA/MAC 5% · 31 Oct 2025 - Stock listing
- Casablanca Stock Exchange BOA
- Head office
- 140 Avenue Hassan II, 20250 Casablanca, Morocco
- Company register
- RC 27129, Casablanca Trade Register
- Former name
- Banque Marocaine du Commerce Extérieur (BMCE Bank)
Business lines
The bank offers commercial banking in Morocco to individuals, Moroccans living abroad, professionals, SMEs and corporates. Its group adds investment banking, leasing, factoring, consumer credit and participatory banking through subsidiaries.
Online
- Websites & references
- ir-bankofafrica.ma ↗
bankofafrica.ma ↗ customer banking site (Morocco)
bankofafrica.group ↗ group corporate site, linked from bankofafrica.ma
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 8 pages consulted
- ir-bankofafrica.ma/en/governance/board-directors
- ir-bankofafrica.ma/en/governance/corporate-governance
- investegate.co.uk/announcement/rns/bank-of-africa--boaa/half-year-financial-report/9794130
- ir-bankofafrica.ma/sites/default/files/2025-12/Actualisation%20n1%20du%20document%20de%20re%CC%81fe%CC%81ren
- bankofafrica.ma/en
- ir-bankofafrica.ma/en/financial-and-extra-financial-information/ownership-structure-and-dividends
- ammc.ma/sites/default/files/DR_BOA_021_2026.pdf
- en.wikipedia.org/wiki/Bank_of_Africa
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
-
Othman Benjelloun
Chairman and Chief Executive Officer
- Executive
-
Brahim Benjelloun-Touimi
Director & Executive General Manager
- Executive
-
Khalid Nasr
Executive General Manager responsible for Morocco & CIB
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Morocco
- Bank Al-Maghrib Central bankPrudential supervisorAML supervisor
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The bank reported that it raised its stake in BOA Holding (Luxembourg) from 72.41% to 81.82% in the first half of 2026.
investegate.co.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BMCEMAMCXXX
- How the BIC breaks down
- BMCEBank
- MACountry · Morocco
- MCLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 21380047DNBRQ54F9W43
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Morocco · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The Bank of Africa group has 3 institutions in the directory, in 3 countries: all hold a BIC.
Including Bank of Africa United Kingdom PLC, Bank of Africa United Kingdom PLC Succursale En France.
See the Bank of Africa group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 140 AVENUE HASSAN II CASABLANCA 20000 MOROCCO
- Operational address
- 140 AVENUE HASSAN II CASABLANCA 20000 CASABLANCA MOROCCO
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BMCEMAMCXXX</BICFI>
<LEI>21380047DNBRQ54F9W43</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BMCEMAMCXXX</BICFI>
<LEI>21380047DNBRQ54F9W43</LEI>
<Nm>BANK OF AFRICA</Nm>
<PstlAdr>
<TwnNm>CASABLANCA</TwnNm>
<Ctry>MA</Ctry>
<AdrLine>140 AVENUE HASSAN II CASABLANCA 20000</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 7 branch BICs connect to the head office, spread across 2 cities. Largest: Casablanca (5), Tanger (2). 7 other banks publish 7 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
7 other banks publish 7 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| MAD | Banca Monte Dei Paschi di Siena Italy | BMCEMAMC Listed as Bank of Africa – BMCE Group, Casablanca | 7800000126008938781 | commercial transactions; same account listed for MM and FX | gruppomps.it ↗ dated Nov 2022 |
| MAD | Deutsche Bank AG Germany | BMCEMAMC Listed as Banque Marocaine du Commerce Exterieur, Casablanca | 011780000000126008891930 | FX and FX options cash | corporates.db.com ↗ dated 13 Jul 2026 |
| MAD | DNB Bank ASA Norway | BMCEMAMC Listed as Banque Marocaine du Commerce Ext., Casablanca | 011780000000126008867486 | — | content.dnb.no ↗ dated 2 Feb 2026 |
| MAD | DZ Bank AG, Deutsche Zentral- Genossenschaftsbank Germany | BMCEMAMC Listed as Bank of Africa - BMCE Group, Casablanca | — | Commercial payments | dzbank.com ↗ dated 10 Jul 2026 |
| MAD | Jyske Bank A/S Denmark | BMCEMAMC | — | FX, money market, derivatives and banknote settlement | jyskebank.com ↗ |
| MAD | The Bank of Nova Scotia Canada | BMCEMAMC Listed as Banque Moracaine du Exterieur, (BMCE), Casablanca, Morocco | — | FX, money market and commercial payments | scotiabank.com ↗ dated 10 Jul 2007 |
| MAD | Unicredit Bank GMBH Germany | BMCEMAMC | 011 780000000126008936259 | FX, money market and derivatives settlement | hypovereinsbank.de ↗ dated 6 Jan 2026 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| BMCEMAMCBCB | BMCE CAPITAL | Casablanca | 140 AVENUE HASSAN II CASABLANCA 20000 CASABLANCA MOROCCO | — | 2021-04-24 |
| BMCEMAMCBTI | — | Casablanca | 140 AVENUE HASSAN II CASABLANCA 20000 CASABLANCA MOROCCO | — | 2021-04-24 |
| BMCEMAMCCOR | AGENCE CORPORATE | Casablanca | AGENCE CORPORATE 140 AVENUE HASSAN II CASABLANCA 20000 CASABLANCA MOROCCO | — | 2021-04-24 |
| BMCEMAMCMRE | COMPTE SPECIAL MRE | Casablanca | 140 AVENUE HASSAN II CASABLANCA CASABLANCA POB 13425 MOROCCO | — | 2021-04-24 |
| BMCEMAMCSDM | SALLE DES MARCHES, CASABLANCA | Casablanca | 140 AVENUE HASSAN II CASABLANCA 20000 CASABLANCA MOROCCO | — | 2021-04-24 |
| BMCEMAMCTCM | OFFSHORE BRANCH TRADING ROOM, TANGIER | Tanger | ZONE FRANCE DE TANGER TANGER TANGER POB 513 MOROCCO | — | 2021-04-24 |
| BMCEMAMCTZF | OFFSHORE BRANCH, TANGIER | Tanger | ZONE FRANCE PORT DE TANGER TANGER TANGER POB 513 MOROCCO | — | 2021-04-24 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ir-bankofafrica.ma (official website) · original; Othman Benjelloun: ir-bankofafrica.ma (official website) · original; Brahim Benjelloun-Touimi: ir-bankofafrica.ma (official website) · original; Khalid Nasr: ir-bankofafrica.ma (official website) · original.
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