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The Crédit Agricole du Maroc (CAM, Arabic: القرض الفلاحي للمغرب), known from 1961 to 2003 as Caisse Nationale du Crédit Agricole, is a public bank based in Rabat, Morocco. [ 1 ] History
Crédit Agricole du Maroc (CAM), state-owned; CFG Group; Citibank Morocco , part of Citigroup; Crédit Immobilier et Hôtelier (CIH Bank), part of CDG Group; Crédit du Maroc; Fonds d'Équipement Communal (FEC), state-owned; Mediafinance, part of BCP Group (later rebranded as BCP Securities Services) Société Générale Marocaine de Banques (SGMB)
In May 2008 Credit Agricole identified €5 billion of asset disposals including the bank's 5.6 percent stake in Italian bank Intesa Sanpaolo, which was worth an estimated €3 billion. The group purchased in August 2006 Emporiki Bank for €2.2 billion which it later sold for one euro after suffering €6 billion of losses in the investment.
In September 2014, BNP completed the purchase of BGZ Bank for a final fee stated in the media to be $1.3 billion. [32] [33] [34] In December 2021, BNP Paribas announced to exit US retail banking business by selling its Bank of the West to the Bank of Montreal for $16.3bn. [35] BNP Paribas has around $80 billion under management in Asia by 2024.
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In February 2021, Crédit du Maroc signed a partnership with the National Agency for the Promotion of Employment and Skills (Anapec) to work on promoting entrepreneurship. [3] In late April 2022, Crédit Agricole announced the sale of its 78.7 percent stake in Crédit du Maroc to the Holmarcom Group.
BNP Paribas Corporate and Institutional Banking (CIB) is the global investment banking arm of BNP Paribas, a French multinational bank. BNP Paribas CIB's main centres are in Paris and London , with large scale operations in New York , Hong Kong , and Singapore , and smaller operations in almost every financial centre in the world.
The Banque Marocaine pour le Commerce et l'Industrie (BMCI, lit. ' Moroccan Bank for Commerce and Industry ') is a bank in Morocco, headquartered in Casablanca.It is majority-owned subsidiary of Paris-based BNP Paribas (BNPP), and originates from the Moroccan operations of a predecessor of BNPP, the Banque Nationale pour le Commerce et l'Industrie (BNCI).