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Moroccan banks and their international subsidiaries


  • Attijaribank Tunisie (purchased in 2005 from Tunisian state, renamed)

  • CBAO (Compagnie bancaire de l’Afrique occidentale), biggest bank in Senegal: in 2007 merged with Attijaribank Senegal, itself having merged with Banque Sénégalo-Tunisienne

  • Crédit Agricole’s former subsidiaries in Cameroon, Congo-Brazzaville, Côte d’Ivoire, Gabon, Senegal (purchase agreed in 2008, Senegal unit to be merged with CBAO)

  • Banque Internationale pour le Mali (purchase in 2008)

  • Attijaribank Mauritania (joint venture with BCP, to be merged with BNP Paribas Mauritania)


  • Bank of Africa: Benin, Burkina Faso, Côte d’Ivoire, Democratic Republic of Congo, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda

  • Medicapital: London investment bank aiming at francophone Africa

  • Axis Capital: investment bank in Tunisia

  • Minority stakes in Banque de Développement du Mali and La Congolaise de Banque (Congo-Brazzaville)


  • Banque Populaire Maroco-Guinéenne (Guinea)

  • Banque Populaire Maroco-Centrafricaine (Central African Republic)

  • Joint venture with Attijariwafa in Mauritania

see also:

Banks try to rebuild Morocco’s trans-Saharan empire

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