Bank of Africa provides various banking products and services to retail customers, professional banking customers, private clients, small and midsize enterprises (SMEs), and large enterprises in Morocco and internationally. The company operates through four segments: Banking in Morocco; Asset Management and Investment Banking; Specialised Financial Services; and International Activities. It offers retail and corporate banking; investment banking; specialized financial services, such as leasing, factoring, vehicle leasing, and consumer credit; asset management, wealth management, brokerage, and capital markets activities, as well as M&A and other corporate advisory services; bank-insurance; and vehicle leasing. The company also provides consumer lending, debt collection, back-office banking services, mutual fund management, and IT services. The company was formerly known as Banque Marocaine du Commerce Extérieur and changed its name to Bank of Africa in March 2020. Bank of Africa was founded in 1959 and is headquartered in Casablanca, Morocco.
Moroccan Market Performance
7D7 Days: 0.5%
3M3 Months: 11.4%
1Y1 Year: 43.6%
YTDYear to Date: 35.1%
In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 6.6%. More promisingly, the market is up 44% over the past year. As for the next few years, earnings are expected to grow by 12% per annum. Market details ›
This week, we are weighing up the potential productivity gains vs job losses and economic disruption that the global economy could face over the next decade and beyond.