BMCE Bank :

Since its inception in 1959, BMCE managed to represent a multi-business bank, based on a wide branch network. One of the ingredients for this success lies first in history with the creation, under the seal of His Majesty King Mohammed V, the Moroccan Bank of Foreign Trade and action inspired by the shareholder then mostly public, wisely capitalize on its key asset, its international vocation and specialization in foreign trade activities, along with expanding its attributes into a universal bank network, addressing a diverse clientele. The ingredients for this success are also found in more recent history, with the implementation of its privatization. The privatization process has attracted a consortium whose composition and quality were then unrivaled, led by the Moroccan Royal Insurance and involving big names in international finance - Union Bancaire Privee, Citibank, Morgan Grenfell plc, Pictet & Co., Soros Quantum Fund, - to the jewels of the economy and finance in Morocco. Today, BMCE is a flagship institution in the Moroccan banking landscape, a Bank of mostly Moroccan capital, with a shareholding of quality and prestige, a Bank combines its action with that of a private group National - Finance. com - which, through its various components, continues to invest, create wealth and jobs. BMCE has conducted extensive actions to consolidate its role as multi-dimensional which are tracked below the critical milestones.
MILESTONES IN THE HISTORY OF BMCE BANK SINCE THE PRIVATIZATION
2009
Issue of perpetual subordinated debt of 1 billion dirhams in the local market
Transfer of the CIC in the capital of BMCE, or 15.05%, its holding BFCM Bank Federative du Credit MutuelStrengthening the participation of CM-CIC Group, through its holding BFCM, in the capital of BMCE of 15.05% to 19.94%
2008
Acquisition of an additional 5% by the ICC in the capital of BMCELaunch of a perpetual subordinated loan of € 70 million agreement with IFCLaunch of a loan of a subordinated loan of € 50 million from ProparcoIssuance of a subordinated loan of 1 billion DHReduction of the nominal value of BMCE DH 100 to DH 10Strengthening the Bank's participation in the capital of Bank of Africa from 35% to 42.5%
2007
Acquiring 35% stake in Bank of AfricaObtaining approval by FSA MediCapital Bank
2006
Obtaining the rating "Investment Grade" on bank deposits in DH, assigned by international rating agency Moody's.ISO 9001 certification activities of Project Finance and Recovery.Obtaining the title "Bank of the Year - Morocco", for the fifth time since 2000 and the third consecutive year, awarded by The Banker Magazine.Inauguration of Axis Capital, a merchant bank in Tunisia.Obtained by BMCE Bank Foundation Award of Excellence for Sustainable Development Award from the Moroccan-Swiss Foundation.
2005
New visual identity for enriched BMCE as part of the celebration of 10th anniversary of privatization.Launching the program to open 50 branches per year.Signing an agreement with the EIB for the establishment of a credit line of € 30 million sovereign guaranteed.
2004
First non-European company that has been a Social rating in Morocco.Entry of Morgan Stanley Investment Management in the capital of the Bank.Signing of a strategic agreement with the CIC.
2003
Launching the project company Cap Client.Launch of a subordinated bond.Launching an IPO reserved for staff.
2002
Launch of the buyback program.
2001
Opening of representative office in Barcelona.
1998
Creating BMCE Capital, the investment bank's BMCE.
1999
Stake in the capital of insurance companies, Al Wataniya and African Alliance.Acquired 20% stake in Méditelecom.
2000
Creation of Holding Finance.Com.Inauguration representative offices in London and Beijing.Inauguration of the first schools Medersat.Com BMCE Foundation.
1997
Creating Salafin, company consumer credit.Opening a representative office in Germany.
1996
Program launch GDR on the London Stock Exchange.
1995
Privatization of BMCE.
1994
Creation of the first entities of capital markets: BMCE Capital Bourse (eg MIT) and BMCE Capital Management (ex Marfin).
1989
Opening BMCE International in Madrid
1988
Creation of Morocco Factoring, factoring company
1975
IPO
1972
BMCE, the first Moroccan bank to settle abroad by opening an agency in Paris
1965
Opening of the Tangier Free Zone Agency
1959
Creation of BMCE by the Public Authorities