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Bank of Africa - BMCE GroupMorocco

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Last update: 2025-04-24 15:18:47
BMCE Bank of Africa's head office. Photo: Barçawi via Wikimedia (CC BY-SA 4.0)

Active

This profile is actively maintained
Last update: 2025-04-24 15:18:47
Bank info
BankTrack campaigns
All
About
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
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.

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.

Sustainability
Commitments
Policies
Voluntary standards

Bank of Africa - BMCE Group's most important sustainability commitments can be found at the webstie sections listed below.

Links

Sustainability

Corporate social responsibility commitments

E&S risk management

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

Environmental and energy policy

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

Commitment to responsible procurement

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

Code of ethics

Bank policy
2018-10-25 00:00:00 | BMCE Bank
Bank of Africa - BMCE Group has committed itself to the following voluntary standards:
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
IFC Performance Standard 1: Assessment and Management of Environmental and Social Risks and ImpactsTags: Equator Principles
ISO 14001Tags: transparency
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Bank Of Africa - BMCE Group is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Of Africa - BMCE Group's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents

Annual report 2023

Annual report
2024-06-30 00:00:00 | Bank of Africa - BMCE Group

Annual report 2022

Annual report
2023-06-09 00:00:00 | Bank of Africa - BMCE Group

Annual report 2021

Annual report
2022-05-17 00:00:00 | Bank of Africa - BMCE Group

Annual report 2020

Annual report
2021-07-26 00:00:00 | BMCE Bank of Africa

E&S risk management

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

Environmental and energy policy

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

Commitment to responsible procurement

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

Annual integrated report 2019

Annual report
2020-08-20 00:00:00 | BMCE Bank of Africa Group

Code of ethics

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

Annual report 2017

Annual report
2018-06-30 00:00:00 | BMCE Bank

CSR report 2016

Annual report
2017-06-30 00:00:00 | BMCE Bank

Annual report 2016

Annual report
2017-06-30 00:00:00 | BMCE Bank

CSR Report 2014

French only
Annual report
2015-12-02 00:00:00 | BMCE Bank

Annual Report 2014

Annual report
2015-09-02 00:00:00 | BMCE Bank

Summary of Policy Investor Relations BMCE

Other bank document
2015-06-30 00:00:00 | BMCE Bank Group

Annual Report 2013

Annual report
2014-10-03 00:00:00 | BMCE Bank

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

Correspondence
2010-12-18 00:00:00 | Banktrack

Annual report 2009

Annual report
2010-05-08 00:00:00 | BMCE
Accountability
Grievances

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

Bank of Africa - BMCE Group is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Bank of Africa - BMCE Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Human Rights

Banks and Human Rights

BankTrack assessed BMCE Bank of Africa in its 2021 Human Rights Benchmark Africa, where it achieved 2.5 points out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Africa 2021

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

Good moves

Year: