BMCI is preparing for an important annual meeting in Casablanca on 23 June, where shareholders will review the bank’s 2025 results, decide on dividends, and look at changes to its leadership at a time of ownership transition.
The meeting will be held at BMCI Academy and shareholders will also be able to join online through a webinar, making it easier to take part without being in the room.
This year’s meeting comes at a key moment for the bank after BNP Paribas announced it is selling its controlling stake to Holmarcom Finance Company. That change is expected to shape the bank’s direction in the period ahead.
Shareholders will be asked to approve the bank’s financial results for 2025. The standalone accounts show a net profit of 550.1 million dirhams. On a consolidated basis, the bank recorded net income of 420.2 million dirhams, with the group share reaching 434.8 million dirhams.
The bank is proposing a dividend of 14 dirhams per share, which adds up to a total payout of 185.9 million dirhams. The rest of the profit will be kept within the company and carried forward. A large reserve of 1.9 billion dirhams will also remain in place. If approved, the dividend will be paid starting 28 July.
Changes in governance will also be discussed. Shareholders will note the resignations of Janie Letrot, an independent board member, and Philippe Dumel from the supervisory board. They will also vote on bringing in Bénédicte Monneron to complete Mr Dumel’s remaining term.
If approved, the supervisory board will have 12 members. It will continue to be led by Jaouad Hamri as chair, with François Benaroya as vice chair. The bank is also proposing a total of 4.36 million dirhams in gross attendance fees for board members for 2025.
Auditors BDO and Fidaroc Grant Thornton are expected to stay on for another term covering 2026 to 2028. Their mandate would run until the next meeting reviewing the accounts for the year ending 31 December 2028.
