HISTORY OF THE GROUP
BIRTH OF A BANK THAT IS OPEN TO THE WORLD
The Banque Marocaine du Commerce Extérieur (The Moroccan Bank for Foreign Trade) was founded in 1959 under the impetus of His Late Majesty King Mohammed V, to promote Morocco's foreign trade.
A UNIVERSAL BANK COMMITTED TO THE DEVELOPMENT OF MOROCCO
After its privatisation in 1995, the Banque Marocaine du Commerce Extérieur joined the FinanceCom Group, which became O CAPITAL GROUP in 2021. This has been an important turning point in the history of the bank, and has enabled it to expand its business portfolio. Building on its expertise as a foreign trade bank, BANK OF AFRICA is developing a universal bank, establishing itself as a benchmark in the national banking sector, and becoming a key player in the economic development of the Kingdom. BANK OF AFRICA is also accelerating its international development by setting up several subsidiaries in Europe and Africa.
PAN-AFRICAN AND INTERNATIONAL AMBITIONS
Thanks to the significant development potential of the African continent, BANK OF AFRICA is pursuing its ambitions to become a pan-African bank with an international outlook. Additional acquisitions confirm the Group's long-term commitment to the continent. Building on its international successes, BANK OF AFRICA continues to expand overseas by opening a new branch in China to promote Africa's development. The Bank has changed its name to "BANK OF AFRICA", and thus established itself as a key economic and financial player in Africa, relying on a powerful network in 20 African countries covering the 5 zones of the continent.