Holmarcom to Buy BNP Paribas' Stake in BMCI by End 2026
Holmarcom Finance Company plans to acquire BNP Paribas' entire stake in BMCI by end 2026, pending regulatory approvals.
May 1, 2026
1 min read
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Source: medias24.com
Holmarcom Finance Company, a subsidiary of the Holmarcom Group, has announced plans to acquire the entire stake held by BNP Paribas in BMCI (Banque Marocaine pour le Commerce et l'Industrie). The transaction, expected to close before the end of 2026, is subject to regulatory approvals from Moroccan authorities.
This acquisition marks a significant consolidation in Morocco's banking sector, as Holmarcom already controls Crédit du Maroc. The move could pave the way for a potential merger between BMCI and Crédit du Maroc, creating one of the largest banking groups in the country.
Financial details of the deal have not been disclosed. BNP Paribas has been reducing its presence in Africa in recent years, while Holmarcom continues to expand its financial services portfolio.
❓ Frequently Asked Questions
When is the Holmarcom-BMCI deal expected to close?
The acquisition is expected to close before the end of 2026, pending regulatory approvals.
What is the significance of this acquisition for Morocco's banking sector?
It consolidates Holmarcom's control over two major banks (BMCI and Crédit du Maroc), potentially leading to a merger and creating one of the largest banking groups in Morocco.
Why is BNP Paribas selling its stake in BMCI?
BNP Paribas has been reducing its presence in Africa as part of a broader strategic shift, though specific reasons for this sale have not been publicly detailed.
