Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | 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 | |
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.
Bank of Africa - BMCE Group's most important sustainability commitments can be found at the webstie sections listed below.
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.
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".
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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.