Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Holmarcom Finance Company SA” of the exclusive control of the “Moroccan Bank for Commerce and Industry, BMCI SA”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: “Holmarcom Finance Company SA”;
• The target: “Moroccan Bank for Commerce and Industry, BMCI SA”.

Nature of the operation:

• Acquisition of exclusive control.

Economic sectors concerned:

• Banking and financial services.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. July 1, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the acquisition by the company “Holmarcom Finance Company SA” of the exclusive control of the “Moroccan Bank for Commerce and Industry, BMCI SA”.

“Holmarcom Finance Company SA” is a Moroccan joint-stock company with its registered office at No. 20, Rue Mostafa El Mâani, Casablanca and is registered in the Casablanca Trade Register under number 441371. This company operates in the insurance and banking sectors as well as in specialized financial services. “Holmarcom Finance Company SA” is a subsidiary of “Holmarcom SA”, which holds 81.98% of its share capital.

“Holmarcom SA” is a Moroccan joint-stock company, with its registered office at No. 20, Rue Mostafa El Mâani, Casablanca and is registered in the Casablanca Trade Register under number 37149. The company “Holmarcom SA” operates mainly in finance, agro-industry, distribution and logistics as well as real estate.

The “Moroccan Bank for Commerce and Industry, BMCI SA” is a Moroccan joint-stock company, with its registered office at No. 26, Place Des Nations Unies, Casablanca and is registered in the Casablanca Trade Register under number 4091. The “Moroccan Bank for Commerce and Industry, BMCI SA” operates in the banking sector by offering a complete range of financial products for individuals, businesses, and institutions.

 

Done in Rabat on June 19, 2026