Strategic Agreement Between BNP Paribas and Holmarcom Finance
Following the initiation of exclusive discussions announced on December 12, 2025, BNP Paribas has officially reached an agreement with Holmarcom Finance Company (HFC) for the transfer of its majority stake of 67% in the Moroccan Bank for Commerce and Industry (BMCI) to HFC. This strategic move solidifies the long-standing partnership between Holmarcom and BMCI, with Holmarcom intending to continue its development efforts for the bank in Morocco, ultimately benefiting shareholders, clients, and employees alike.
BNP Paribas's Continued Commitment to Morocco
BNP Paribas has reaffirmed its long-term commitment to Morocco, emphasizing its intention to further develop its investment banking operations in the region. A commercial partnership agreement with HFC is set to ensure the continuity of services for BNP Paribas's corporate clients and those of BMCI. The effective completion of this transaction is anticipated in the fourth quarter of 2026, pending the necessary regulatory approvals. The impact on BNP Paribas's Common Equity Tier 1 (CET1) ratio at the time of completion is estimated to be around 15 basis points.
As a leading European provider of banking and financial services, BNP Paribas operates in 64 countries and territories, employing over 180,000 staff, with more than 146,000 based in Europe. The Group is structured around three main operational pillars: Commercial, Personal Banking & Services for retail banking and specialized sectors; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, which serves as a bridge between enterprises and institutional clients. BNP Paribas is committed to social and environmental responsibility across all its operations, contributing to a sustainable future while maintaining the Group's performance and stability.
As reported by lesoleil.com.
