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Bank of Africa - BMCE GroupMorocco
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Created before Nov 2016
Last update: 2021-07-26 00:00:00

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BMCE Bank of Africa's head office. Photo: Barçawi via Wikimedia (CC BY-SA 4.0)

About Bank of Africa - BMCE Group

Bank of Africa - BMCE Group was founded by the Moroccan government in 1959 as a public bank. It was the first Moroccan bank to establish a presence outside of Marocco in 1975. The privatisation of BMCE Group was realized in 1995 after being acquired by the Financecom Group. The bank offers services in consumer, corporate and private banking. BMCE Group has a broad regional coverage in Morocco and has branches throughout Africa, Europe, Asia and North America.

Website https://www.bankofafrica.ma/en/bank-of-africa
Headquarters
140, Avenue Hassan II
P.O. Box 13425 Casa Casablanca
Morocco
CEO/chair Othman Benjelloun
Chairman & CEO
Supervisor
Bank Al-Maghrib
Annual report Annual report 2020
Ownership
listed on Casablanca Stock Exchange

Bank of Africa - BMCE Group's largest shareholder is the FinanceCom Group (36.31%). The bank's complete shareholder structure can be accessed here.

Complaints and grievances

Bank of Africa - BMCE Group does not operate a complaints channel for individuals or communities who might have been affected by the bank's finance.

Related Dodgy Deals

Bank Of Africa - BMCE Group has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
BMCE Bank
2022-03-14
MAR
2020
3
2
66.7
6.7700000003E+37
0
Morocco
Profile
Reporting period
2020
PF deals under EP
3
Project names reported
2
% Project names reported
66.7
20220314
Last update: 2022-03-14
Explanation

EP reporting page: https://equator-principles.com/reporting-bank-of-africa-bmce-group-2019/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Human Rights

Human Rights Benchmark Africa 2021

BankLast update
Country
Score
Ranking
Details
Bank of Africa - BMCE Group
MAR
2.5
Laggard

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0
Morocco
Score
Laggard
2.5
Explanation

Bank of Africa - BMCE Group's human rights policies, processes and reporting were assessed as part of the Human Rights Benchmark Africa 2021. The bank is assessed as a Laggard, with a total score of 2.5 out of 14.

Policy: 0.5/3
Due dilligence: 2/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

African banks responsive on human rights but most lack basic policies, finds new benchmark

Nigeria’s Zenith leads after publishing previously unavailable policies; state-owned National Bank of Egypt comes in last place with no points
2021-03-29 | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack

Documents

Type:
Year:
annual reports
2021-07-26 00:00:00

Annual report 2020

2021-07-26 00:00:00 | BMCE Bank of Africa
csr policies
2021-07-26 00:00:00

E&S risk management

Date listed represents date as accessed on website
2021-07-26 00:00:00 | BMCE Bank of Africa
csr policies
2021-07-26 00:00:00

CSR committments

Date listed represents date as accessed on website
2021-07-26 00:00:00 | BMCE Bank of Africa
csr policies
2020-08-20 00:00:00

Environmental and energy policy

Date listed represents date as accessed on website
2020-08-20 00:00:00 | BMCE Bank
csr policies
2020-08-20 00:00:00

Commitment to responsible procurement

Date listed represents date as accessed on website
2020-08-20 00:00:00 | BMCE Bank
annual reports
2020-08-20 00:00:00

Annual integrated report 2019

2020-08-20 00:00:00 | BMCE Bank of Africa Group
csr policies
2018-10-25 00:00:00

Code of ethics

2018-10-25 00:00:00 | BMCE Bank
annual reports
2018-06-30 00:00:00

Annual report 2017

2018-06-30 00:00:00 | BMCE Bank
annual reports
2017-06-30 00:00:00

CSR report 2016

2017-06-30 00:00:00 | BMCE Bank
annual reports
2017-06-30 00:00:00

Annual report 2016

2017-06-30 00:00:00 | BMCE Bank
annual reports
2015-12-02 00:00:00

CSR Report 2014

French only
2015-12-02 00:00:00 | BMCE Bank
annual reports
2015-09-02 00:00:00

Annual Report 2014

2015-09-02 00:00:00 | BMCE Bank
bank documents
2015-06-30 00:00:00

Summary of Policy Investor Relations BMCE

2015-06-30 00:00:00 | BMCE Bank Group
annual reports
2014-10-03 00:00:00

Annual Report 2013

2014-10-03 00:00:00 | BMCE Bank
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
annual reports
2010-05-08 00:00:00

Annual report 2009

2010-05-08 00:00:00 | BMCE

Policies

Voluntary standards

Bank of Africa - BMCE Group has committed itself to the following voluntary standards:
  • Equator Principles
  • IFC Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts
  • ISO 14001
  • Principles for Responsible Banking (PRB)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

BMCE Bank of Africa's webpage on corporate social responsibility can be viewed here.

Year:
csr policies
2021-07-26 00:00:00

E&S risk management

Date listed represents date as accessed on website
2021-07-26 00:00:00 | BMCE Bank of Africa
csr policies
2021-07-26 00:00:00

CSR committments

Date listed represents date as accessed on website
2021-07-26 00:00:00 | BMCE Bank of Africa
csr policies
2020-08-20 00:00:00

Environmental and energy policy

Date listed represents date as accessed on website
2020-08-20 00:00:00 | BMCE Bank
csr policies
2020-08-20 00:00:00

Commitment to responsible procurement

Date listed represents date as accessed on website
2020-08-20 00:00:00 | BMCE Bank
csr policies
2018-10-25 00:00:00

Code of ethics

2018-10-25 00:00:00 | BMCE Bank

Equator Principles

Implementation and reporting

Bank of Africa - BMCE Group is reporting on the implementation here.

Contact and complaints

Good moves

Year:
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