Chairman’s Message
Titre degradé



 BANK OF AFRICA – BMCE Group, a socially responsible and engaged banking group, is a leading institution within Africa’s banking industry. The Group’s performance in 2022 continued to illustrate the relevance of its business model and its powerful growth trajectory.

Consolidated net banking income for the 2022 financial year rose by 7% to MAD 15.6 billion, while net income attributable to shareholders of the parent company stood at MAD 2.3 billion versus MAD 2 billion in 2021.

This growth trajectory reflects BANK OF AFRICA's commitment to satisfying its extensive range of customers, in particular, by digitally transforming the Bank's entire business portfolio which is a source of productivity, high quality service and a vital driver of banking and social inclusion.

In 2022, BANK OF AFRICA further enhanced its already strong reputation for promoting impact finance and corporate social responsibility causes in Morocco and Africa. As a recognised pioneer in this field for more than 25 years, the Group has developed a number of new positive impact services and solutions to help Moroccan and African companies transition to a green economy, help them meet the challenges of decarbonisation, mitigate the effects of climate change and prudently manage transition risk.

This year, the ongoing commitment shown by the Group and by BMCE Bank Foundation was once again hailed in some of the most demanding of international rankings.

The various initiatives and actions undertaken by BANK OF AFRICA – BMCE Group in sustainable development, detailed here in this Report, reflect its aspiration to generate, through its broad spectrum of activities, sustainable value for the benefit of all stakeholders and, ultimately, for the economic and social development of Morocco and the African continent.

Othman BENJELLOUN Chairman & Chief Executive Officer