Africa & Middle East
|Date joined:||23 February, 2000|
|Initiatives:||Principles for Responsible Banking|
|Reports:||Mar 21 Jun 22|
Bank of Africa – BMCE Group is a multi-business universal banking Group and one of Africa’s leading financial institutions. Its wide range of business activities includes commercial banking, investment banking, bank-insurance, and asset management. Bank of Africa – BMCE Group is Morocco’s most internationally-oriented banking Group. With operations in 31 countries in Africa, Europe, Asia, and North America, the Group employs more than 15 200 employees. Its 1,700 branches serve 6.6 million customers. In 2013, the Bank was the first Moroccan non-sovereign issuer on the international debt securities market.
Bank of Africa – BMCE Group is a leading player in environmental matters and corporate social responsibility. The Group, which is ISO 14001-certified, has developed a variety of innovative sustainable finance products in partnership with major international financial institutions. In 2016, BMCE was the first Moroccan company to issue ‘green bonds’ by public offering to finance domestic and international eco-responsible environmental projects. BMCE Bank Foundation’s Medersat.com programme promotes education and community-based development in rural areas in Morocco and sub-Saharan Africa.
UNEP/FI Founding Signatory
Bank of Africa – BMCE Group became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles for Responsible Banking, Bank of Africa – BMCE Group joins a coalition of 130 banks worldwide, representing over USD 47 trillion in assets, in committing to taking on a crucial role in helping to achieve a sustainable future. The Principles for Responsible Banking marked the beginning of the most significant partnership to date between the global banking industry and the UN. By signing up to the Principles, the bank commits to using its products, services, and relationships to support and accelerate the fundamental changes in economies and lifestyles necessary to achieve shared prosperity for both current and future generations.
The Principles for Responsible Banking provides Bank of Africa – BMCE Group with an effective framework to systematically identify and seize new business opportunities created by the emerging sustainable development economy, while at the same time enabling the bank to effectively identify and address related risks.
More info on its agenda on Principles for Responsible Banking:https://www.bmcebank.ma/en/climat-et-durabilite
Weblink to Annual and Stakeholder reports:https://www.bmcebank.ma/communication-financiere