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Bank Of Africa (BMCE) 2026: 36 Countries, 7 Million Clients, Successful Pan-African Bet

Bank Of Africa Group, 3rd Moroccan bank by balance sheet size, presents in 2026 a resolutely pan-African face. With direct presence in 36 African countries (most extensive network on the continent), 7 million clients, 175 billion MAD total outstanding, the Othman Benjelloun-controlled group embodies the most ambitious African expansion strategy among Moroccan banks.

FIBy Fatima-Zahra IdrissiMay 15, 20267 min read

Bank Of Africa Group 2025 key figures

  • 36 African countries of direct presence (vs 9 in 2007 before BOA acquisition)
  • 7 million clients (4.2M Morocco + 2.8M Sub-Saharan Africa)
  • 175 billion MAD total outstanding (+12% vs 2024)
  • 1,850 branches (1,100 Morocco + 750 Africa)
  • Personnel: 12,500 employees (3,800 Morocco + 8,700 Africa)
  • Consolidated NBI: 24.5 billion MAD (+15%)
  • Consolidated net income: 4.8 billion MAD (+22%)

2026-2030 outlook: reinforced pan-African ambitions

The 'BOA 2030' strategic plan presented by CEO Mounir Oudghiri in May 2026 aims to consolidate the pan-African leader position via 4 priorities: reaching 250 billion MAD total outstanding, fully integrating digital everywhere, strengthening East Africa presence, launching pan-African Sukuk.

Article based on official public data + wafir.ma expert sources. All cited statistics are verifiable with the mentioned organizations.

Tags

#Bank Of Africa#BMCE#African expansion#Pan-African bank#Othman Benjelloun
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