The Moroccan group Banque Centrale Populaire (BCP) is finalizing the acquisition from Groupe BPCE of the Banque des Mascareignes in Mauritius after obtaining all regulatory approvals.
On this occasion, an official ceremony was held this Tuesday, October 16, at the headquarters of the Mascarene Bank in Ebene (Mauritius), in the presence of Mr. Kamal MOKDAD, General Manager of the BCP group in charge of International, and Mr. Abdelwafi ATIF, next Director General of the Mascarene Bank.
BCP Group is the sixth largest banking group in Africa by the size of equity and banking leader in Morocco. It is present in 14 countries in Africa and 14 other countries in the rest of the world, notably in West Africa under the “Atlantic Bank” brand and in Europe via its “Chaabi Bank” subsidiary.
As the sole bank of North and West Africa in Mauritius, BCP intends to support the opening up of French-speaking Africa as well as investment flows from Asia, particularly China and India, to Africa. By joining a pan-African group of this size, the Mascarene Bank opens up new prospects for development while offering its clients many innovative solutions developed by the BCP group, particularly in the areas of Monetics and Trade Finance.
Current and future customers of the Mascarene Bank will benefit from BCP’s best banking practices and the guarantee of a solid group with the most prestigious rating agencies (Standard & Poor’s, Fitch, Moody’s). , etc.) of the best rating in Morocco and the Maghreb.
A brand change will be introduced soon to establish a strong common identity across the continent, and bring the values dear to the group BCP: Proximity, Citizenship, Innovation and Performance.
ABOUT THE CENTRAL PEOPLE’S BANK GROUP (GBCP)
The GBCP is one of the first banking institutions in Morocco. It draws its strength from its values of solidarity and its unique organization in Morocco. It is made up of 9 Banque Populaire Regional Banks (BPR) for cooperative purposes, the Banque Centrale Populaire (BCP), the central body of the Group, a form public limited company listed on the stock market, specialized subsidiaries, foundations and banks and representations. ‘foreign. GBCP is present in 28 countries around the world and has the country’s leading banking network. In Morocco, it is the leading collector of savings (28% market share) and the leader in financing the economy (market share of 25%).
