BOA Group (BMCE): EUR 11.2bn balance sheet (Dec 2024), EUR 295M net income. 7,000 employees, 19 countries. 8 in West Africa, 8 in East Africa/Indian Ocean, 2 in Central Africa, plus France.
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Description
Bank of Africa Group (BOA Group), formerly BMCE Bank of Africa, is a Moroccan-headquartered pan-African banking group operating in 19 countries: 8 in West Africa (Benin, Burkina Faso, Côte dIvoire, Ghana, Mali, Niger, Senegal, Togo), 8 in East Africa/Indian Ocean (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Rwanda, Tanzania, Uganda), 2 in Central Africa (DRC, Congo-Brazzaville), plus France. As of December 2024, BOA Group recorded a consolidated balance sheet of EUR 11.2 billion and consolidated net income of EUR 295 million. The group serves over 6 million retail customers across its 18 commercial banks plus 1 global holding and 2 regional holdings. BOA holds approximately 14% Moroccan banking market share and 8% pan-African banking market share.
