Holmarcom's acquisition of BMCI marks a significant shift in Morocco's banking sector. The deal, announced in early 2026, involves the purchase of a controlling stake in BMCI from BNP Paribas. Key questions include the valuation of BMCI, potential merger with Crédit du Maroc (already owned by Holmarcom), and regulatory approvals from Bank Al-Maghrib.
According to reports, Holmarcom aims to create a larger banking entity by merging BMCI with Crédit du Maroc. This would form the fifth-largest bank in Morocco by assets. The valuation of BMCI is estimated at around 6 billion dirhams, based on market capitalization and book value.
Regulatory hurdles include approval from the Competition Council and Bank Al-Maghrib. The deal is expected to close by mid-2026. Analysts view this as a strategic move to strengthen Holmarcom's presence in the financial sector.
