Bank Of Africa (ABOAF)

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News

26 September 2016 04:27 PM BMCE profits up 18% in H1-16

Mubasher: Banque Marocaine du Commerce Exterieur (BMCE) recorded a 17.9% rise in net profits in the first half of 2016 according to a the bank’s statement. Profits increased to MAD 1.25 billion ($15.2 million) from MAD 1.06 billion ($106.58 …

Financial Results

22 September 2015 01:51 PM Morocco's BCE posts 18% rise in H1 earnings

Mubasher: Banque Marocaine du Commerce Exterieur (BCE) reported an 18% increase in H1-15 net earnings to MAD 1.1 billion ($114 million), which was ascribed to a decrease in provisions and bad loans. The lender's provisions declined 24% to MAD 806 …

Financial Results

23 December 2014 02:40 PM Morocco’s BMCE signs partnership with Cameroonian bank

Morocco’s Banque marocaine du commerce extérieur (BMCE) and Cameroon’s Afriland First Bank have signed a projects co-financing and international trade partnership, according to EFG Hermes ‘Morning Round-Up’ report.Such mutual …

General News

10 December 2014 10:18 AM Moroccan-Saudi venture to launch Islamic bank

The leading commercial bank in Morocco, Banque marocaine du commerce extérieur (BMCE), plans to establish a new subsidiary specializing in Islamic finance, reported Morocco World News.Saudi Arabia’s Al Baraka Banking Group will have a …

General News

26 November 2014 01:33 PM Moroccan Islamic law gets 161 votes

The Moroccan Parliament has recently approved the Islamic financial bill which will regulate Islamic banks and sukuk in the country. The Islamic finance law authorizes the establishment of Islamic banks, and allows private companies …

Banking and Finance

23 November 2014 01:57 PM Morocco’s BMCE creates $1m African Entrepreneurship Award

Banque marocaine du commerce extérieur (BMCE) Bank Group will provide a one million-dollar African Entrepreneurship Award, BMCE Bank Group CEO Othman Benjelloun declared at a panel held within the framework of the fifth Global …

Banking and Finance

5 November 2014 01:54 PM 5th Annual Global Entrepreneurship Summit to take place in Morocco

The fifth annual Global Entrepreneurship Summit (#GES2014) will take place on November 19 – 21, 2014 in Marrakech, Morocco, the first time the Summit will be hosted in an African nation. The Summit, the largest gathering of …

General News

30 October 2014 11:51 AM Fin.Min overviews Morocco economy status

“Morocco is a bright spot in the region,” said the Minister of Finance Mohamed Boussaid in his visit to London, according to the Financial Times Website.The regional revolutions in 2011 affected Morocco with a massive fiscal deficit …

General News

15 January 2013 06:45 PM Fitch affirms ratings for Morocco’s BMCI, BMCE

In a report issued today, Fitch Ratings has affirmed Morocco-based Banque Marocaine pour le Commerce et l'Industrie's (BMCI) National Long-term Rating at 'AAA(mar)' with Stable Outlook and BMCE Bank's (BMCE) Support Rating at '3'. According to the ratings