After Société Générale, another French bank is leaving Morocco

The French banking group has officially reclassified the assets and liabilities of the Banque Marocaine pour le Commerce et l’Industrie. This technical maneuver, in line with international standards for entities intended to be sold, isolates 7.8 billion euros of assets from its consolidated balance sheet.

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

This accounting decision confirms the rapid progress of the exclusive negotiations started in December 2025. The Paris management now considers it "highly probable" that it will lose control of this branch by the end of the year, thus sealing its final withdrawal from the kingdom. A financial landscape in full "Moroccanization"

This transaction confirms the strong trend of the departure of major French capital from the national banking market. It directly echoes the recent acquisition of the local subsidiary of Société Générale by the Moroccan investment holding company Saham.

The sale of this majority stake of 67% will be in favor of Holmarcom, a partner and shareholder for nearly thirty years. The acquirer plans to bring BMCI closer to its own subsidiary, Crédit du Maroc, to create a leading financial player.

This future entity will benefit from obvious strategic synergies. While Crédit du Maroc excels in financing individuals and SMEs, BMCI will bring its recognized expertise with multinationals, private banking and large companies.

On Bladi.net: Bank Al-Maghrib validates the acquisition of Société Générale Maroc by Saham

Pending the final regulatory approvals to finalize this transaction, the accounting isolation of the bank is recorded. The Moroccan teams are now actively preparing for this major change in shareholding for the country’s economy.