The Moroccan bank, headquartered in Casablanca, has been recognized as one of the best in the country.
Rabat – Global Brands Magazine has released its 2019 award winners, and BMCE Bank has landed the title of “Best Financial Service Banking Brand” in Morocco.
Attijariwafa Bank, also based in Morocco, was designated this year’s “Best Commercial Banking Brand in Morocco.” Attijariwafa is the fifth largest bank in Africa.
Founded by the state in 1959, BMCE Bank is one of the oldest banks in Morocco. It now has locations in 22 countries throughout Europe, Asia, and Africa.
BMCE Bank went international in 1973 when it opened a branch in Paris.
The bank’s stock was listed on the Casablanca Stock Exchange in 1975 and reached the London Stock Exchange in 1996.
The current CEO of BMCE Bank is Othman Benjelloun. In 2019, Forbes listed his personal net worth at US $1.8 billion, qualifying him for the magazine’s “World’s Billionaires” list. The 79-year-old businessman is the third richest man in Morocco and the 15th richest in Africa.
With 4,592 collaborators, two million clients, and US $30 billion in total assets, BMCE Bank is the third largest in Morocco.