BNP Paribas and Holmarcom Finance Company (HFC) have signed a definitive agreement for the sale of BNP Paribas' entire 67% majority stake in Banque Marocaine pour le Commerce et l'Industrie (BMCI), following exclusive negotiations announced on December 12, 2025. The transaction, valued at approximately 745 million euros, is subject to regulatory approvals and is expected to close in the second half of 2026.
BMCI, founded in 1943 and headquartered in Casablanca, is Morocco's fifth-largest bank by assets, with a network of over 200 branches and 2,500 employees. The sale aligns with BNP Paribas' strategy to streamline its African operations and focus on core markets.
Holmarcom Finance Company, part of the Holmarcom Group, a Moroccan conglomerate with interests in insurance, industry, and real estate, aims to strengthen its financial services footprint through this acquisition. The deal includes BMCI's subsidiaries in insurance and leasing.
BNP Paribas will retain a presence in Morocco through its corporate and institutional banking activities, serving multinational clients. The French bank has operated in Morocco since 1952.
