The Banque Marocaine du Commerce Extérieur
(BMCE) was established in 1959 as a national bank established by the Moroccan
government to promote foreign trade. It was privatized in 1995 and its
headquartered located in Casablanca and listed on the Casablanca Stock Exchange
(stock code: BCE). It is the third largest commercial bank in Morocco with a
market share of approximately 15%. As of June 30, 2017, the top three
shareholders were 29.82% of the Moroccan Royal Insurance Company RMA, and the
French Mutual Credit BFCM-CM-CIC Group held 26.21%, and the Moroccan CDG Group
held shares. 9.55%. As of the end of 2017, the bank's total assets were MAD 320
billion (approximately US$33 billion). BMCE Bank has more than 1,600 institutions
in 32 countries (including more than 500 institutions in Morocco), with more
than 5.5 million customers and more than 12,400 employees. BMCE provides
retail, corporate banking, insurance, capital markets, project finance,
investment banking and other financial services businesses. BMCE was the first
bank in Morocco to establish an overseas branch and founded its Paris branch in
1972. At present, BMCE Bank has two sub-banks in Europe, namely London, UK and
Madrid, Spain. BMCE has become a regional financial institution for more than 20
African countries through the acquisition of a 73% stake in Bank Of Africa, 19
of which are sub-Saharan African countries.
BMCE Bank of Africa opened the
representative office in Beijing in 2000 and the
Shanghai branch in 2019.
