Bank of Africa

Bank of Africa Group

Bank of Africa head office in Casablanca, in 2008 still under BMCE brand identity
Company type	Private
Traded as	CSE: 1100
Industry	Financial services
Founded	1959
Headquarters	Casablanca, Morocco
Key people	Othman Benjelloun Group Chairman & CEO
Products	Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management
Net income	€ 76 million (2017)
Total assets	€ 9.406 billion (2021)
Total equity	€ 746 million (2016)
Number of employees	5655 (2016)
Website	bankofafrica.ma

Bank of Africa (BOA) is an international financial services group headquartered in Casablanca, Morocco. It was formed through the 2010 acquisition of Bank of Africa (est. 1982 in Mali) by the Banque Marocaine du Commerce Extérieur (BMCE, Arabic: البنك المغربي للتجارة الخارجية, lit. 'Moroccan Bank of Foreign Trade', est. 1959), following which BMCE rebranded its commercial operations as Bank of Africa in 2020. The BMCE name survives in the byline "BMCE Group" incorporated in the BOA brand identity.

As of 2024, BOA's two main shareholders were Moroccan financier Othman Benjelloun and French bank Crédit Mutuel Alliance Fédérale, with around 27 and 25 percent respectively. BOA is listed on the Casablanca Stock Exchange.

As of 2024, BOA was the third-largest bank in Morocco, behind market leader Attijariwafa Bank and the cooperative BCP Group.^[1]