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# A model for creating and sharing value

BANK OF AFRICA has developed a business model which focuses on creating and sharing value by leveraging its reputation as a socially responsible bank. The model is inspired by its vision of promoting sustainable development in Africa. BANK OF AFRICA’s strategic priorities, endorsed by its various business lines, underpin its performance and bolster its financial solidity. BANK OF AFRICA’s commitment and adherence to international standards in corporate social responsibility ensure that value is shared with its various stakeholders. Its governance system and organisational structure also provide a strategic lever for managing and measuring the impact from its various activities on its entire ecosystem.

Moroccan bank to establish operations in
sub-Saharan Africa in 1989

Pan-African group by geographical coverage :
20 countries and 5 economic zones

Notable African subsidiaries: BOA Group, Banque de Développement du Mali et LCB Bank

Countries

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Customers

Employers

0 MMDH

Total assets

Points of sale

CO2 footprint per employee

0 %

Gender parity -women/men- in 2021 -vs. 40% in 2020-

Billion dirhams Credits for the environment

0 %

Of staff benefiting from training vs. 39% in 2020

Days / men of training Vs. 2,392 in 2020

A banking group with a global footprint, contributing to africa’s development

BANK OF AFRICA, a multi-business pan-african Banking Group with a global outlook

With operations in 32 countries, including 20 in Africa and with nearly 2,000 points of sale, BANK OF AFRICA is a pan-African banking group, providing multi-disciplinary expertise in a number of countries in Africa and around the world. The Group has fostered strong ties with the African continent, enabling it to play a major role in some of the continent’s most important investment projects. BANK OF AFRICA was also the first Moroccan bank to open a representative office in China in 2000. It has bolstered its presence still further by becoming the first African bank to open a branch office in Shanghai.

Bank Of Africa’s ownership structure at 31 december 2021

BMCE Bank foundation, a pillar of Bank Of Africa Group’s CSR strategy

BMCE Bank Foundation has played a pioneering role in promoting education and protecting the environment by educational means. Since it was founded in 1995, BMCE Bank Foundation has embodied the Group’s attitude to human development and social impact. Through its Medersat.com network, BMCE Bank Foundation has striven to improve access to education in rural communities and raise awareness among African children about environmental issues.

Schools in Morocco and 6 schools in Senegal, Congo Brazzaville, Mali, Rwanda and Djibouti

Schools providing a pre-school and primary education to more than 12,000 students from socially disadvantaged backgrounds

Schools awarded the ‘Eco-School’ label by the Mohammed VI Foundation

Pupils schooled within the Medersat.com network, 50% of whom are girls, with more than 2,000 obtaining a high school diploma

BANK OF AFRICA allocates 4% of its gross operating income to BMCE Bank Foundation

Community-based development benefiting more than 2,000 persons, 53% of whom are women, with 12,000 attending literacy programmes

Teachers, 46% of whom are women, supervised and supported by 16 regional educational supervisors

Sustainable development underpinning governance system

BANK OF AFRICA’s governance system takes into consideration sustainable development issues as well as offering a basis for strategic thinking in support of the Bank’s business development. To meet the challenges of growing its business and complying with regulatory and statutory requirements in risk management, control and compliance, BANK OF AFRICA has established a solid governance system which draws on the vast expertise of its Board of Directors. As required by Bank Al-Maghrib, BANK OF AFRICA has adopted a Governance Charter which defines the powers of each body and organises the functioning and the decision-making processes of its most important bodies

Mr. OTHMAN BENJELLOUN
PRÉSIDENT DIRECTEUR GÉNÉRAL DE BANK OF AFRICA

Mr. ZOUHEIR BENSAID
RMA’s Representative

Mr. LUCIEN MIARA
Banque Fédérative du Crédit Mutuel’s Permanent Representative

Mr. ABDELLATIF ZAGHNOUN
Caisse de Dépôt et de Gestion’s Permanent Representative

Mr. MARC BEAUJEAN
British International Investment -CDC Ltd- Permanent Representative

Mr. MOHAMED KABBAJ
Independent Director

Mrs. NEZHA LAHRICHI
Independent Director

Mr. AZEDDINE GUESSOUS
Intuitu Personae Director

Mr. ABDOU BENSOUDA
Intuitu Personae Director

Mr. BRAHIM BENJELLOUN-TOUIMI
Director and General Manager

Mr. HICHAM EL AMRANI
O Capital Group’s Permanent Representative

Mr. BRIAN C. MCK HENDERSON
Advisor to the Chairman

Mrs. MYRIEM BOUAZZAOUI
Intuitu Personae Director

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O capital group, a shareholder committed to social and economic development

O Capital Group, which plays a prominent role in the domestic economy, also enjoys a strong reputation in a number of regions around the world. In Morocco and across the African continent, O Capital Group is known for being involved in and committed to a large number of cornerstone projects in a variety of different sectors of the economy.

Asset manager

Bank-insurer

Bank by total assets

Solidly positioned with a reputation for performance

Over time, BANK OF AFRICA has built a portfolio of complementary banking and financial business lines centred around financing and supporting businesses around the world. Today, BANK OF AFRICA is one of Africa’s main banking and financial groups with multiple business lines and brands.

# A model for creating and sharing value

# Our commitments & our distinctions