BANK OF AFRICA
BANK OF AFRICA is one of Africa’s main pan-African financial groups. With an extensive portfolio of brands and subsidiaries, its universal banking business model has seen it diversify into a variety of business lines including commercial banking, investment banking as well as specialised financial services such as leasing, factoring and consumer credit.
BANK OF AFRICA is today
Morocco’s leading banking group
in terms of international exposure
with operations in 31 countries in
Africa, Europe, Asia and North
The Group employs more than 15,200 staff around the world and has more than 1,800 points of sale, serving just fewer than 6.6 million customers.
BANK OF AFRICA is a subsidiary of FinanceCom, a Moroccan private group with a portfolio of businesses in a variety of high-growth and other sectors. Its regional and international ambitions are primarily structured around 5 divisions: finance, insurance, real estate, telecommunications and tourism.
One of BANK OF AFRICA’s distinguishing characteristics is its strong commitment to the environment and to social and societal responsibility. The Group’s activism started more than 25 years ago via its BMCE Bank Foundation. To this day, the latter continues to innovate, rolling out a growing number of initiatives promoting education and environmental causes as well as supporting African start-ups. In addition, the BOA Foundation’s various initiatives – through its subsidiaries operating in seven countries – are aimed at improving access to care in every region of each country as well as improving the quality of care provided.
Leveraging the various undertakings and achievements of its Foundations, their approach and their processes which are underpinned by sustainability principles, BANK OF AFRICA has established a team of sustainable development and CSR professionals. As a result, environmental and social criteria are now fully integrated into the Bank’s decision-making processes. The Bank also plays an active role in major international initiatives in this area e.g. the UNEP FP’s Principles for Positive Impact Finance, the Equator Principles, the United Nations Global Compact, Mainstreaming Climate Action and the Green Investment Principles for the Belt and Road. In applying the highest international standards, BANK OF AFRICA has acquired a reputation for its leadership and performance with regard to ESG in Morocco and around the world.
A MEMBER OF FINANCECOM GROUP
BANK OF AFRICA
BANK OF AFRICA COMMITTED TO SUSTAINABLE DEVELOPMENT
AND CSR FOR MORE THAN 20 YEARS
- BANK OF AFRICA the first African signatory in 2000 to UNEP FI’s Statement of Commitment by Financial Institutions on the Environment and Sustainable Development.
- Environmental and Social (E&S) Risk Management System adopted in conjunction with the IFC in 2008.
- Equator Principles (EP) voluntarily adopted by BANK OF AFRICA in May 2010. These provide a framework for determining, assessing and managing environmental and social (E&S) risks in funded projects of USD 10 million or more.
- United Nations Global Compact signed by BANK OF AFRICA, underlining its support for the ten principles relating to human rights, social and labour standards, environmental protection and combating corruption. First report, ‘Communication on Progress’ put online in October 2017 after obtaining ‘Global Compact Active COPs’ status in 2016.er rapport « Communication On Progress » ayant obtenu le statut « Global Compact Active COP’s » en 2016.
- BANK OF AFRICA’s commitment to climate action is underlined by joining the ‘Mainstreaming Climate Action within Financial Institutions’ initiative in 2016.
- Founding member of Principles for Responsible Banking in 2019 and Principles for Positive Impact Finance in 2017.
- BANK OF AFRICA the first African bank to support China’s ‘Green Investment Principles for the Belt and Road (GIP)’ initiative.