BMCI is making a decisive move in its digital transformation by bringing its technology operations fully in-house. On March 19, 2025, the bank’s supervisory board approved the acquisition of 100% of BDSI, its IT subsidiary, previously owned by BNP Paribas IRB Participations. On the same day, BMCI’s management board gave the green light to a full merger of BDSI into the parent company—a major strategic pivot that underscores the bank’s commitment to modernizing its internal operations.
This transaction signals a broader shift in BMCI’s approach. By acquiring BDSI outright, the bank is reclaiming control over a key component of its digital infrastructure. BNP Paribas IRB Participations, which still holds a 66.74% stake in BMCI, has agreed to relinquish its entire ownership in BDSI, clearing the way for BMCI to directly oversee its technological development and systems integration.
According to a source close to the matter, the bank sees this move as a way to tighten its grip on tech development while cutting costs previously associated with outsourcing. BMCI is aiming to streamline its digital strategy by centralizing its IT operations, building in-house expertise, and aligning its tech teams more closely with its core business functions.
Once the merger is finalized, BDSI’s staff will be absorbed into BMCI’s workforce. This transfer is expected to bolster the bank’s capabilities by bringing in seasoned professionals with deep knowledge of digital systems and information technology—an increasingly vital asset in a banking industry where tech performance is tightly linked to competitiveness.
Although the acquisition has already been secured, the final merger still hinges on receiving several regulatory approvals. The deal is expected to close sometime in 2025.
One important detail: BMCI won’t be issuing new shares as part of the merger. With full ownership of BDSI now in its hands, the transaction will be completed without a capital increase.
