Moroccan bank targets more African banks after Mauritius buy

By Kamlesh Bhuckory

CASABLANCA, Morocco, 18 Oct. - (ANA) - Banque Centrale Populaire, Morocco’s second-biggest lender by assets, plans to acquire banks in at least four African nations as it targets doubling the region’s income contribution.

BCP is following Moroccan lenders like BMCE Bank and Attijariwafa Bank that have expanded in sub-Saharan Africa over the past decade to capitalize on growing trade links and seek new opportunities for growth outside their home markets. It’s present in 14 African markets, after completing the acquisition of Mauritius’s Banque des Mascareignes this week.  - (ANA) -

AB/ANA/ 18 October 2018 - - -