BNP Paribas « does not intend to withdraw from Africa »

This is what we learn from a statement issued on Thursday (January 24th) by the French banking group which denies rumors about the sale of BMCI in Morocco: « BNP Paribas wishes to recall that its establishment in Africa is today fully part of its international system and does not intend to withdraw from the continent, « he said.

In this outing aimed at clarifying its development strategy in Africa, the bank recalls that it « adopted [on the continent] a targeted strategy and continues to strengthen where market characteristics match its strengths and conditions desired in terms of development and risk management « .

« In Morocco, the BMCI, present for more than 70 years, intends to continue its business serving its corporate customers and individuals in the coming years. The bank intends to continue to play a significant role in the growth of the Moroccan economy, accompanying it in particular in the new challenges of sustainable development, « the statement said.

Moreover, the BNP Paribas Group indicates that it has « chosen Morocco for the management of most of the 100 million euros of investments devoted to redesigning the information system of its activities in these areas », which « More specifically in the context of the plan to modernize and digitize its activities in Africa ».

In addition to Morocco, the group is present in Algeria, Burkina Faso, Guinea, Ivory Coast, Mali, Senegal, South Africa and Tunisia.

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