BOA Rapport d'activité 2020


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 :


Improved operational efficiency

More robust risk management and recovery systems

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.