A N N U A L FINANCIAL R E P O R T

2022

CONTENTS

2

ANNUAL FINANCIAL REPORT 2021

BANK OF AFRICA

PRESENTING BANK OF AFRICA GROUP

A multi-business banking group with a global outlook

6

A member of one of the region's leading business groups

8

A stable and well-diversified shareholder base

9

A worldwide group with well-diversified businesses

10

Serving development causes for more than 60 years

12

A pan-African vocation

14

A socially responsible and engaged banking group

16

A group which stands out from its peers on the regional and international stage

17

ACTIVITY REPORT

Moroccan economy faced with a challenging global context

and adverse weather conditions

20

Positive growth in BANK OF AFRICA's financial indicators

20

Robust economic support initiatives

20

Customer service and financial transaction security enhanced through innovation

21

A dynamic investment bank

21

Angoing growth in international operations

21

A strong performance from Specialised Financial Services

22

ESG REPORT

25

GOVERNANCE BANK OF AFRICA - BMCE Group

61

RISK MANAGEMENT

93

FINANCIAL REPORT

111

BANK OF AFRICA

ANNUAL FINANCIAL REPORT 2021

3

4

ANNUAL FINANCIAL REPORT 2022

BANK OF AFRICA

PRESENTING

BANK OF AFRICA GROUP

BANK OF AFRICA

ANNUAL FINANCIAL REPORT 2022

5

Attachments

Disclaimer

Bank of Africa published this content on 11 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2023 15:19:05 UTC.