Overseas Subsidiaries
Titre degradé
Subsidiaries
BANK OF AFRICA currently has operations in 32 countries in Africa, Europe and Asia
BOA
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, BANK OF AFRICA has owned a 72.41% stake in BANK OF AFRICA and has provided the latter with a high level of strategic and operational support.
Net Banking Income 2021 : 681,4 M €
Consolidated net income 2021 : 216,6 M €
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. BANK OF AFRICA has a 32.4% stake in the bank.
Net Banking Income 2022 : 922,9 MDH
Consolidated net income 2022 : 316,1 MDH
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. BANK OF AFRICA has a 37% stake in the bank.
Net Banking Income 2022 : 261,5 MDH
Consolidated net income 2022 : 1,7 MDH
BMCE EUROSERVICES
BMCE EUROSERVICES is BANK OF AFRICA 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 BANK OF AFRICA.
Net Banking Income 2022 : 168,1 MDH
Consolidated net income 2022 : 6,6 MDH
BANK OF AFRICA SHANGHAI
The BANK OF AFRICA Group is the first Moroccan banking group to settle in China : in 2019 was officially inaugurated the BANK OF AFRICA SHANGHAI. The new branch aims to become a key player in the financing of foreign trade operations between China and Africa while actively participating in the promotion of Chinese investments in Africa.
The first year of activities ended with promising results: BANK OF AFRICA SHANGHAI completed $154 million in financings for Chinese and African clients.
Net Banking Income 2022 : 753 M USD
Consolidated net income 2022 : 6,6 M USD
BANK OF AFRICA EUROPE
BANK OF AFRICA Europe offre un service de proximité de qualité grâce à une connaissance approfondie des produits de commerce extérieur. Cette entité du Groupe assure soutien rapproché, agile et flexible et garantit le succès des opérations des clients du Groupe présents en Europe et en Afrique.
Résultat Net Social 2023 : 17,6 millions €
BANK OF AFRICA UK
BANK OF AFRICA UK est une banque internationale spécialisée dans l'investissement en Afrique, offrant aux entreprises africaines un accès aux marchés de capitaux internationaux et une expertise financière. Elle structure des transactions privées et offre un service complet de facilités bancaires d'investissement à l’échelle internationale.
BANK OF AFRICA UK a enregistré un résultat net social déficitaire en 2023 suite à la hausse du coût de refinancement dans un contexte de hausse des taux.