Moroccan Bank BCP Seeks Asian Partner, Plans to Open Capital Share

The bank hopes to receive significant financial compensation in return for this operation. Pending the implementation of this ambitious program in 2021, the project will soon be presented to the bank’s shareholders at the General Assembly, reports Bloomberg.

This decision comes after a decline in banking activity in the first half of 2020. While the consolidated net income of the Banque Centrale Populaire, led by Mohamed Karim Mounir, fell by 48% to 1.3 billion dirhams, the group’s net income fell by 38% to 1.01 billion dirhams.