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, bank-insurance, factoring, vehicle leasing, and consumer credit; asset management, wealth management, brokerage, and capital market, as well as M&A and other corporate advisory services. The company also provides consumer lending, securities brokerage, debt collection, car rental, participatory banking, 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.