Bank of Africa - Company Profile

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Bank of Africa: Overview

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Bank of Africa (BOA) is a financial group offering a wide range of banking and financial services. The bank's main activities include commercial banking, investment banking, and specialized financial services such as leasing, factoring, consumer credit, and participatory banking. Its major products and services encompass checking accounts, current accounts, consumer loans, mortgage loans, term deposits, project finance, mutual funds, treasury bonds, internet banking, credit, debit, and prepaid cards, foreign currency accounts, investment loans, electronic payment services, money transfer services, and ATM services. The bank serves a diverse customer base globally, facilitating trade between Africa and the rest of the world. It distributes its products and services through a network of branches and ATMs. It has operations in multiple countries across Africa, Europe, Asia, and North America. BOA is headquartered in Casablanca, Morocco.

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Headquarters Morocco
Address 140, Avenue Hassan Ii, Bp 13425, Casablanca, 20000
Website www.bankofafrica.ma
Telephone 212 52 2200420
No of Employees 4,658
Industry Financial Services
Ticker Symbol & Exchange BOA (CAS)
Revenue (2024) $3.1B 4.3% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ 11.3% (2024 vs 2023)
Market Cap* $4.4B
Net Profit Margin (2024) XYZ 6.6% (2024 vs 2023)
* As of and is in US$
View Bank of Africa financials
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Bank of Africa premium industry data and analytics

3

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Bank of Africa (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Bank of Africa’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Accounts: Internet Banking
Checking Electronic Payment Solutions
Current ATM Services
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In May, the bank entered into a partnership with the Bank of Palestine to strengthen economic cooperation between Palestine and Morocco.
2019 Stake Sale In June, the company's 5% stake was acquired by CDC Group Plc.
2023 Contracts/Agreements In March, the bank entered into a partnership with the Moroccan Agency for Investment and Export Development to launch a cycle of regional meetings.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters Bank of Africa Attijariwafa Bank SA Centrale Populaire Banque SA Credit Immobilier et Hotelier SA Banque Marocaine pour le Commerce et l'Industrie
Headquarters Morocco Morocco Morocco Morocco Morocco
City Casablanca Casablanca Casablanca Casablanca Casablanca
State/Province Casablanca Casablanca Casablanca - -
No. of Employees 4,658 21,293 2,589 2,469 198,400
Entity Type Public Public Public Public Public
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Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Learn more
Executives
Name Position Board Since Age
Othman Benjelloun Chairman; Chief Executive Officer Executive Board - 94
Brahim Benjelloun Touimi Director; General Manager Executive Board - 66
Mounir Chraibi Executive General Manager-Group Functions and Operations Senior Management 2021 63
Amine Bouabid Executive General Manager-Africa Senior Management 2021 -
Khalid Nasr Executive General Manager-CIB and Morocco Senior Management 2021 59
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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