BCP Group

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The starting point of BCP Group was a Royal Decree or dahir promulgated by the authorities of the French protectorate in Morocco on {{date|1926/05/25}} authorizing the formation of cooperative banks in the territory, inspired by the French legislation of 1917 that organized what later became France's Groupe Banque Populaire. A number of such local banks were founded between 1931 and 1952 but faced serious management challenges. On {{date|1961/02/02}}, a new decree of the newly independent monarchy reorganized the network and established the BCP, a government agency, as its central entity. The group’s deposit base expanded rapidly in the following decade,{{cite web |website=La Vie Éco |date={{date|2007/06/15}} |url=https://www.lavieeco.com/affaires/banque-populaire-46-ans-dexistence24-millions-de-clients-2607/ |title=Banque populaire : 46 ans d'existence,2,4 millions de clients}} and by 1974 it was the largest bank in Morocco by volume of deposits.

In 1972, BCP established its European subsidiary in Paris, branded Chaabi Bank.{{cite web |website=L'Annuaire des entreprises |title=Banque Chaabi du Maroc (BCDM) |url=https://annuaire-entreprises.data.gouv.fr/entreprise/banque-chaabi-du-maroc-bcdm-722047552}} In 1990, it initiated an expansion into Africa following governmental agreements between Morocco and the Central African Republic (CAR) and Guinea. Thus the Banque Populaire Maroco-Centrafricaine (BPMC) was established in Bangui in July 1990 following a diplomatic protocol of {{date|1989/02/13}},{{cite web |website=Groupe BCP |url=https://www.groupebcp.com/fr/Pages/banque-populaire-maroco-centrafricaine.aspx |title=Banque Populaire Maroco-Centrafricaine}} and a similar establishment (BPMG) was made in Conakry.

The BCP was reorganized as a joint-stock company in 2000, and partly privatized in 2004 by listing on the Casablanca Stock Exchange. In 2010, the BCP absorbed the regional bank based in Casablanca, and in 2016 that in El Jadida. In May 2012, Paris-based Groupe BPCE became a minority shareholder with a 5 percent equity stake.{{cite web |website=BCP Group |url=https://www.groupebcp.com/en/about-us/history |title=About Us}}

Also in 2012, the BCP Group expanded significantly further into sub-Saharan Africa by taking over the Atlantic Bank Group, with operations in Côte d'Ivoire, Benin, Burkina Faso, Mali, Niger, Senegal, and Togo.{{cite web |website=BCP Group |url=https://www.groupebcp.com/en/Pages/in-africa.aspx |title=In Africa}}

By that time, the bank's market share of customer deposits in Morocco was 27.9 percent.{{Cite web|url=http://www.gbp.ma/Presentation/Pages/ChiffresCles.aspx|title=Chiffres Clés|website=www.gbp.ma|access-date=2017-08-24}} This translated to customer deposits of 204.9 billion dirhams (1H2013). The number of employees in the bank at the end of 2012 was 11,878.

By 2014, the Moroccan state sold its residual ownership stake in BCP to the group's regional banks. In 2015 a restructuring raised the equity ownership of the BCP in the regional banks to majority stakes of 52 percent, the rest remaining owned by the cooperative clients.{{cite web |website=telquel.ma |url=https://telquel.ma/2015/07/31/banque-populaire-controle-desormais-les-banques-populaires-regionales_1457980 |date={{date|2015/07/31}} |author=Pauline Chambot |title=La Banque populaire contrôle désormais les banques populaires régionales}} This has made the BCP increasingly resemble a commercial banking group as opposed to cooperative banking. The regional banks, in turn, collectively own a majority of shares in BCP.

In 2015, the BCP Group acquired the former operations of Banque Internationale pour l'Afrique Occidentale (BIAO) in Niger.{{cite web |website=BIA Niger |url=https://bia-niger.com/historique/ |title=Historique|date=27 August 2017 }} In 2016, it established a branch in Guinea-Bissau, and later acquired further banking operations in Cameroon ({{ill|Banque internationale du Cameroun pour l'épargne et le crédit|fr}}, BICEC), Republic of the Congo ({{ill|Banque commerciale internationale|fr}}, BCI), Madagascar (Banque Malgache de l'Océan Indien, BMOI), and Mauritius.{{citation |author=Groupe BCP |url=https://www.groupebcp.com/en/GBP_Finances/ANNUAL-RESULTS-31-12-2022.pdf |title=Annual Results as of December 31, 2022}}{{rp|14}}

In March 2023, BCP entered into a long-term partnership with Mastercard to improve services in terms of digital solutions and payments.{{Cite web|lang=fr|url=https://www.mastercard.com/news/eemea/fr/newsroom/communiques-de-presse/press-releases/fr/2023/march/mastercard-et-banque-centrale-populaire-consolident-leur-partenariat-strategique/|title=Mastercard et Banque Centrale Populaire consolident leur partenariat stratégique|website=Mastercard|access-date=2024-03-29|archive-date=2024-03-29|archive-url=https://web.archive.org/web/20240329061945/https://www.mastercard.com/news/eemea/fr/newsroom/communiques-de-presse/press-releases/fr/2023/march/mastercard-et-banque-centrale-populaire-consolident-leur-partenariat-strategique/}}

As of end-2022, BCP owned between 51 and 52.5 percent of equity in each of the eight regional banks. Its other subsidiaries included Banque Atlantique in Benin (58.6 percent), Burkina Faso (48.8 percent), Côte d'Ivoire (79.4 percent), Mali (57.5 percent), Niger (63.9 percent), Senegal (79.8 percent), and Togo (67.9 percent); BICEC in Cameroon (78.4 percent), BPMC in the CAR (75 percent), BCI in the Republic of the Congo (100 percent), Chaabi Bank in France (100 percent), BPMG in Guinea (61.7 percent), BMOI in Madagascar (66.7 percent), and BCP Mauritius (100 percent).{{R|BCP2022|p=14}}

For 2023, net banking income grew by 10.6 per cent to MAD 22.9 billion. Consolidated deposits totalled MAD 372 billion and consolidated loans stood at MAD 319.4 billion.{{Cite web|lang=en|url=https://boursenews.ma/article/marches/bcp-pnb-en-progression-en-2023|title=BSP: PNB en progression de 10,6% en 2023|website=Boursenews|access-date=2024-03-29|archive-date=2024-03-29|archive-url=https://web.archive.org/web/20240329060911/https://boursenews.ma/article/marches/bcp-pnb-en-progression-en-2023}}

• List of banks in Morocco

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• [http://www.gbp.ma/ Groupe Banque Populaire] {{in lang|fr}}

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Category:Banks of Morocco

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