Bensalah and Laborde in Casablanca: 30 years as partners, now a new deal. Holmarcom Finance Company and BNP Paribas announced Wednesday the signing of an acquisition agreement under which HFC will take over the entirety of BNP Paribas’s 67 percent stake in BMCI, the Moroccan bank the French group has held for more than 30 years. The deal is expected to close in Q4 2026, subject to regulatory approvals from Bank Al-Maghrib and the Competition Council.
The transaction will be accompanied by a long-term commercial partnership between the two groups, ensuring that BMCI clients and BNP Paribas clients in Morocco continue to benefit from complementary, high-value services. BNP Paribas will also support BMCI’s integration into the Holmarcom group during the transition period, while continuing to develop its CIB activities and long-term leasing operations through Arval Maroc independently.
This acquisition is a structuring milestone in our development path, driven by a strong ambition to build an integrated financial group centered around banking, insurance, and specialized financial services.
— Mohamed Hassan Bensalah, CEO, Holmarcom Group · April 29, 2026
What comes next for BMCI
Holmarcom has been a shareholder in BMCI for more than 30 years and already operates in Moroccan banking through Crédit du Maroc. The group’s ambition is to bring Crédit du Maroc and BMCI together into a single banking entity with greater scale and reinforced capabilities — one that creates more value for clients, more opportunity for its people, and a stronger contribution to the national economy. The group committed to a collective approach built on continuity, with particular attention to protecting client interests and maintaining service quality throughout the process.
This agreement will open a new phase of development for the bank, its clients and its people — and will strengthen the ties and cooperation we have built together over the years.
— Thierry Laborde, Deputy CEO, BNP Paribas · April 29, 2026
BNP Paribas reaffirmed its commitment to Morocco, stating its intention to continue growing its activities in the country and relying on the new partnership with HFC to keep serving its corporate clients through BMCI. Holmarcom Finance Company — whose reference shareholders include Holmarcom Group and the IFC, the World Bank Group’s private sector arm — operates in Morocco across insurance through Atlantasanad and Takafulia, banking through Crédit du Maroc, and in Côte d’Ivoire through Atlantasanad Côte d’Ivoire.