BMCI
MAD 9.5 billion[1] | |
| Owner | BNP Paribas |
|---|---|
| Website | www |
BMCI (French: Banque marocaine pour le commerce et l'industrie, "Morocco Bank of Commerce and Industry") is a bank based in Morocco. It is a majority-owned subsidiary of the French financial group BNP Paribas.
History
At the end of the 19th century, the
Loans to Morocco, including those of 1902 and 1904 by the Paris and Netherlands Bank, helped finance the First Moroccan Crisis which led to the formation of Morocco as we know it today. However, these loans were at extremely high repayment rates. France, claiming payment guarantees, took control of Morocco's customs duties, which led to its taking control of the country in 1912 as the French protectorate in Morocco.
The bank played a key role as a capital
In 1950,
The Banque Nationale pour le Commerce et l'Industrie en Afrique ("National Bank for Trade and Industry in Africa", BNCIA) had also been developing interests in Morocco since 1941. developed its activities Morocco from 1940.
Marocaine pour le Commerce et l'Industrie was created in 1964 from these origins, as part of the nationalization of Moroccanization businesses.
In 2000, Banque nationale de Paris, itself created in 1966 by the merger of the CNEP and
Ownership
- As of December 2014[update], BNP Paribas is the majority shareholder, with 65.03% of stock.
- The remaining stock is divided between:
- AXAAssurance Maroc (9.11%)
- Sanad Assurance (5.84%)
- Atlanta Assurance (4.44%)
- Holmarcom (2.41%)
- Others: 13.17%
Subsidiaries
- Arval
- BMCI Bourse
- BMCI Finance
- BMCI Leasing Auto
- BMCI Gestion
- BMCI Assurance
- BMCI Crédit Conso
- BMCI Banque Offshore
References
- ^ "CDG Capital Bourse". cdgcapitalbourse.com. 28 December 2014. Archived from the original on 29 December 2014. Retrieved 28 December 2014.
External links
- Official website
- (in French) 2008 Annual Report
- (in French) Statistics at the Casablanca Stock Market (Bourse)
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