OUTLOOK

The BANK OF AFRICA Group has drawn up a strategic development plan for the period      2019-2021 to consolidate its business activities in Morocco and internationally. Its development vision is based on 6 strategic axes, as well as on other strategic levers:

In order to efficiently support the implementation of its strategic development plan,              BANK OF AFRICA has strengthened its financial stability by raising its equity capital by      
3.6 billion MAD in 2019 and 793 million MAD in 2020 through optional conversion of dividends into shares. Furthermore, as part of a securitisation operation of some of its property assets, BANK OF AFRICA has set up a Collective Property Investment Scheme, which has enabled it to optimise its balance sheet.