Holmarcom Finance Company has agreed to buy the 67% stake held by BNP Paribas in Banque Marocaine pour le Commerce et l’Industrie (BMCI). The deal is expected to close in the fourth quarter of 2026.
The transaction needs approval from Bank Al Maghrib and the Competition Council. The two groups will keep a commercial partnership to serve international clients in Morocco.
Holmarcom plans to merge BMCI with Crédit du Maroc. The combined bank would employ about 5,000 people and become the fourth-largest employer in the sector. The group aims to offer banking, insurance and specialised services.
“This acquisition marks a structuring milestone in our trajectory… with the ambition of building an integrated financial group,” said Mohamed Hassan Bensalah.
The sale supports BNP Paribas’s plan to focus on Europe and improve capital. The bank expects its Common Equity Tier 1 ratio to rise by about 15 basis points. It will keep activities in Morocco through Corporate and Institutional Banking and Arval Maroc and will support the transition.
