Bank of Africa - Company Profile

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Bank of Africa: Overview

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Bank of Africa (BOA) is a retail and commercial bank. The bank offers a wide range of banking and other related financial solutions to retail and corporate customers, professionals, and small- and mid-sized enterprises. The bank's offerings include checking accounts, current accounts, consumer loans, mortgage loans, term deposits, project finance, mutual funds, treasury bonds, internet banking, credit cards, debit cards, prepaid cards, foreign currency accounts, investment loans, electronic payment services, money transfer services, and ATM services. The bank offers insurance for life, death, permanent and disability, credit, and hospitalization needs. It offers these products and services through a network of branches, ATMs, and brokers across Germany, France, Spain, Italy, the UK, the UAE, Spain, Belgium, China, Morocco, and other countries. 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 2462806
No of Employees 5,907
Industry Financial Services
Ticker Symbol & Exchange BOA (CAS)
Revenue (2022) $2.5B 12.3% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 15.5% (2022 vs 2021)
Market Cap* $4.1B
Net Profit Margin (2022) XYZ 2.9% (2022 vs 2021)
* As of and is in US$
View Bank of Africa financials
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Bank of Africa premium industry data and analytics

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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).

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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 Money Transfer
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
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.
2023 Corporate Awards In February, the bank awarded as "Best Bank in Africa 2022" for the third consecutive year.
2022 Plans/Strategy In December, the bank announced its plans to acquire 43.65% stake in Bank Al-Tamweel Wa Al-Inma.
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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 5,907 20,467 2,569 2,289 198,400
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 Find out more
Executives
Name Position Board Since Age
Othman Benjelloun Chairman; Chief Executive Officer Executive Board - 91
Brahim Benjelloun Touimi Deputy Chief Executive Officer; Director Executive Board - 63
Omar Tazi Deputy Chief Executive Officer - Banking in Morocco Senior Management 2019 -
Khalid Laabi General Manager - Group Risk; Deputy Chief Executive Officer-Group Risks Senior Management 2019 63
Amine Bouabid Executive General Manager-Africa; Chief Operating Officer - Africa Senior Management 2021 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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