ABOUT BANK OF AFRICA
Who we are ?
Since 2010, BANK OF AFRICA Group has been majority-owned by BMCE Bank (whose name recently changed to BANK OF AFRICA), the 3rd largest bank in Morocco. BMCE Bank brings strong strategic and operational support to BANK OF AFRICA Group, as well as direct access to international markets in view of its presence in Europe and Asia.
Established over 35 years ago in Mali, BOA Group currently has a total of about 6,500 employees. In the year ended 31 December 2019, the Group recorded a consolidated balance sheet of 8.5 billion Euros and consolidated net income of 112 million Euros.
The history of the Group integration, which started in 1982 in Mali, can be summarized in five phases, each associated with a specific development.
It is a pioneering project in the banking field: the creation of an African bank, independent of large international groups and funded by well-diversified African private capital.
After the beginning of operations of BANK OF AFRICA in Mali in 1982, a holding company was incorporated in 1988 – AFRICAN FINANCIAL HOLDING (AFH) – which later became BOA GROUP S.A.
This incorporation came at the beginning of the creation of BANK OF AFRICA – BENIN in 1989, its reference shareholder, and now the market leader in Benin.
The concept of Corporate Social Responsibility (CSR) is defined as “the ongoing commitment of companies to adopt ethical behavior and contribute to economic development while improving the quality of life of workers and their families as well as the local community and society at large. The BANK OF AFRICA Group is aware of the social and environmental challenges facing the region and aims to address them on a daily basis by placing responsible finance at the heart of its strategy!