BMCI held its annual general meeting on June 23rd, focusing on significant changes in ownership and potential future consolidation. Shareholders approved the sale of BNP Paribas’ stake in BMCI to Holmarcom Finance Company, marking a major shift in the bank’s controlling interest. Discussions also centered on the possibility of a merger with Crédit du Maroc, though details remain preliminary. The meeting addressed key takeaways regarding these transitions for the Moroccan financial institution. This sale concludes BNP Paribas’ divestment from its African retail banking operations. The future direction of BMCI will be heavily influenced by Holmarcom and the potential merger. Further developments regarding the Crédit du Maroc discussions are expected to be announced in the coming months.