BANK OF AFRICA Group has drawn up a Strategic Development Plan for the 2019-21 period aimed at bolstering its domestic and international operations. Its development vision is structured around 6 strategic priorities, in addition to other growth drivers :
To be sufficiently capitalised to be able to implement its strategic development plan, the Bank bolstered its capital base with MAD 3.6 billion raised in 2019 and a further MAD 793 million in 2020, with shareholders given the option of converting their dividends into equity.
Furthermore, as part of a real estate securitisation transaction, BANK OF AFRICA set up a Real Estate Investment Trust (REIT) to optimise its balance sheet.