French bank BNP Paribas exits Morocco, sells BMCI stake 2026

The timeline is becoming clearer for BNP Paribas’ withdrawal from the capital of the Moroccan Bank for Commerce and Industry (BMCI). In its results published on July 23, the French group indicates that the sale is still expected in the fourth quarter of 2026.

On Bladi.net : BNP Paribas is leaving Morocco and selling its subsidiary to Holmarcom

BNP Paribas must sell to Holmarcom Finance Company its entire majority stake of 67 % in the Moroccan bank. The agreement was signed on April 29, after several months of discussions between the two groups. Its completion remains subject to obtaining the necessary regulatory approvals in Morocco.

A profitable operation for BNP Paribas

The exit from BMCI will have a positive effect on BNP Paribas’ finances. The group estimates that the operation will strengthen its CET1 capital ratio by approximately 15 basis points, an indicator used to measure the financial soundness of banks.

As of June 30, 2026, this ratio had already reached 13%, up 20 basis points in three months. BNP Paribas thus achieved one year ahead of schedule the objective it had set for 2027.

The French group will not, however, completely disappear from Morocco. It plans to retain its corporate and investment banking activities as well as Arval Morocco, specialized in car leasing. A long-term commercial partnership with Holmarcom must also ensure the continuity of services for corporate clients.

On Bladi.net : After Société Générale, another French bank permanently exits Morocco

Holmarcom, already owner of Crédit du Maroc, wishes to bring the two banks together to create a larger Moroccan banking player. The takeover of BMCI thus marks a new stage in the decline of major French banking groups in Morocco, following the sale of Société Générale Morocco.