The Banque Marocaine pour le Commerce et l'Industrie (BMCI, lit. 'Moroccan Bank for Commerce and Industry') is a bank in Morocco, headquartered in Casablanca. It is majority-owned subsidiary of Paris-based BNP Paribas (BNPP), and originates from the Moroccan operations of a predecessor of BNPP, the Banque Nationale pour le Commerce et l'Industrie (BNCI).
BMCI subsidiaries include Arval Morocco, BMCI Bourse, BMCI Finance, BMCI Leasing Auto, BMCI Gestion, BMCI Assurance, BMCI Crédit Conso, BMCI Banque Offshore, and BMCI NAJMA.
History
In July 1940, facing challenging prospects at home following the German invasion of France, the Paris-based BNCI acquired the Banque de l'Union Nord-Africaine (BUNA) in Algiers to develop its activity outside Europe, renamed it Banque Nationale pour le Commerce et l'Industrie en Afrique (BNCI-A), and opened a branch in Casablanca.[2] The Moroccan activity became a fully-fledged bank in 1943.[3]
In 1950, BNCI-Afrique inaugurated a high-rise head office building on Casablanca's Place de France. French architect Alexandre Courtois (architect) had won the design competition in 1942,[4]