Holmarcom's Strategic Acquisition of BMCI
In a significant move for the Moroccan banking landscape, Holmarcom Finance Company (HFC) has officially announced its acquisition of a 67% stake in BMCI from BNP Paribas, a deal that was signed on April 29, 2026. This acquisition marks a pivotal moment for Holmarcom, as it aims to strengthen its foothold in the financial sector. The completion of this transaction is expected by the fourth quarter of 2026, pending regulatory approvals from relevant authorities in Morocco.
Holmarcom's acquisition is not merely a buyout; it signals the beginning of a long-term commercial partnership with BNP Paribas, ensuring that BMCI's clients operating in Europe continue to receive uninterrupted services. BNP Paribas will also assist in the transition phase, facilitating a smooth integration of BMCI into Holmarcom's operations. Mohamed Hassan Bensalah, the CEO of Holmarcom Group, emphasized that this acquisition represents a critical step in their development strategy, which aims to build an integrated financial group encompassing banking, insurance, and specialized financial services.
Creating a New Banking Entity in Morocco
Having been a minority shareholder in BMCI for over three decades, Holmarcom intends to leverage this acquisition to bolster its presence in the Moroccan financial market. The group is planning a merger, referred to as a " rapprochement," between BMCI and Crédit du Maroc, with the goal of establishing a larger banking entity equipped with enhanced expertise and capabilities. This move is expected to meet the diverse needs of clients and increase contributions to Morocco's economic financing.
While BNP Paribas divests its stake in BMCI, it will not exit the Moroccan market entirely. The French banking giant plans to maintain and expand its investment banking operations and long-term leasing services through its subsidiary, Arval Maroc. This partnership with Holmarcom will serve to address the domestic needs of BNP Paribas's international clientele, as stated by Thierry Laborde, Deputy General Manager of BNP Paribas Group, highlighting that this agreement opens a new phase of development for both the bank and its stakeholders.
As reported by medias24.com.
