BNP Paribas has announced an agreement to sell its majority stake of 67% in Banque Marocaine pour le Commerce et l'Industrie (BMCI) to Holmarcom Finance Company, following discussions first disclosed in December 2025. The transaction, announced on April 30, 2026, marks a significant shift in the Moroccan banking landscape.
The sale includes BNP Paribas' entire controlling interest in BMCI, one of Morocco's leading banks. Holmarcom, a Moroccan conglomerate with interests in finance, industry, and services, will become the new majority shareholder pending regulatory approvals.
Financial terms of the deal were not disclosed in the initial announcement. The transaction is subject to approval from Moroccan regulatory authorities and is expected to close in the coming months.
BNP Paribas stated that the divestiture aligns with its strategy to streamline operations and focus on core markets. Holmarcom expressed commitment to supporting BMCI's growth and maintaining its role in Morocco's financial sector.
