The proposed acquisition of a 66.74% stake in BMCI by Holmarcom, currently held by BNP Paribas, has been submitted to Morocco’s Competition Council for regulatory approval. This move is a crucial step towards the merger with Crédit du Maroc, aiming to create a significantly larger banking entity within the Moroccan market. The Competition Council will now assess the potential impact of the consolidation on market competition. The deal’s progression hinges on receiving clearance from the regulatory body. This consolidation signals a shift in the Moroccan banking landscape, potentially leading to increased competition and altered market dynamics. The outcome of the review is anticipated to determine the future structure of the banking sector in Morocco.