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BNP Paribas Exits BMCI Majority Stake to Holmarcom in Strategic Transaction

BNP Paribas has agreed to sell its 67% stake in Banque Marocaine pour le Commerce et l'Industrie (BMCI) to Holmarcom Finance Company (HFC). The transaction, expected to close in the fourth quarter of 2026, will see HFC, a long-standing partner with over 30 years of BMCI ownership, take the reins of the Moroccan bank. BNP Paribas will maintain its investment banking operations in Morocco and continue serving enterprise clients through a commercial partnership with HFC.

April 29th, 2026
2 min read
By boursenews.ma

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A New Chapter for BMCI as BNP Paribas Transitions Ownership

In a landmark deal reshaping Morocco's financial landscape, BNP Paribas has entered into an agreement with Holmarcom Finance Company (HFC) to transfer its majority stake of 67% in Banque Marocaine pour le Commerce et l'Industrie (BMCI). This strategic move marks the end of BNP Paribas's majority ownership after years of partnership with the bank.

The transaction, anticipated to finalize in the fourth quarter of 2026, remains contingent upon regulatory approvals. HFC, a long-standing partner and shareholder of BMCI for over three decades, will assume operational leadership, ensuring continuity for stakeholders including shareholders, clients, and employees.

BNP Paribas Maintains Commitment to Morocco

While exiting its majority stake, BNP Paribas emphasized its ongoing commitment to the Moroccan market. The French banking giant will continue expanding its investment banking activities in the region and has assured clients of uninterrupted services through a new commercial partnership with HFC. This collaboration aims to seamlessly serve both BNP Paribas enterprise clients and BMCI's existing customer base.

  • Transaction Details: 67% stake sale for an undisclosed sum
  • Timeline: Expected completion Q4 2026
  • Regulatory Status: Pending approvals

The deal underscores Holmarcom's strengthened role in Morocco's banking sector and signals potential growth opportunities for BMCI under new ownership. Analysts suggest the transition could enhance the bank's regional influence while preserving its core business operations.

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