Holmarcom Officially Announces Acquisition of BMCI

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In a joint statement, Holmarcom Finance Company (HFC) and the BNP Paribas Group announced the signing of an agreement for HFC to acquire the entirety of BNP Paribas’s stake in its Moroccan subsidiary, the Moroccan Bank for Commerce and Industry (BMCI).

A Major Banking Operation in Morocco

As part of this agreement, Holmarcom Finance Company will acquire 67% of BMCI’s capital, currently held by BNP Paribas.

The completion of this transaction is expected to occur in the fourth quarter of 2026, pending the necessary regulatory approvals, notably from:

Bank Al-Maghrib
The Competition Council

This operation marks a significant step in the evolution of the Moroccan banking sector.

A Sustained Commercial Partnership Between the Two Groups

Beyond the divestment, both institutions have agreed to establish a long-term commercial partnership.

This framework will allow BMCI clients and those of BNP Paribas operating in Morocco to continue benefiting from complementary high-value financial services.

The goal is to ensure service continuity while strengthening the banking offer.

BNP Paribas Confirms its Commitment to Morocco

BNP Paribas has reaffirmed its commitment to the Kingdom of Morocco.

The group intends to continue developing its activities through:

BNP Paribas CIB (Corporate & Investment Banking)
Arval Morocco, specializing in long-term leasing

This presence underscores the group’s strategy for continuity in the Moroccan market.

A Supported and Structured Transition

Following the completion of the transaction, BNP Paribas will assist in the integration phase of BMCI within the Holmarcom Group.

This step aims to ensure a smooth, secure, and gradual transition, guaranteeing the stability of banking operations and continuity of services for clients.