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Banque Marocaine Du Commerce Exteri - BMED
Change of Name
Released 11:21 10-Mar-2020



RNS Number : 6029F
Banque Marocaine Du Commerce Exteri
10 March 2020

PRESS RELEASE

BANK OF AFRICA'S EXTRAORDINARY GENERAL MEETING, MARCH 5TH, 2020

BMCE Bank of Africa's Extraordinary General Meeting, convened by Mr. Othman Benjelloun, Chairman of the Board of Directors, was held on Thursday March 5TH , 2020 at 5 p.m. at the Bank's head office at 140, Avenue Hassan II Casablanca. Shareholders, present and represented, and those who voted by proxy, held a total of 148,845,030 shares, or 74.5% of the Share Capital.

The Extraordinary General Meeting, whose main purpose was the Bank's name change, unanimously adopted all of the resolutions.

After reviewing the Board of Directors' Report, the Extraordinary General Meeting approved the Bank's new name: 'BANK OF AFRICA', abbreviated to 'BOA'.

This change marks an important milestone in the Group's history. Following the successful transformation of a foreign trade institution into a universal bank, and into a continental Group, putting its expertise at the service of innovation, progress and excellence.

As the next natural step of its evolution, BMCE Bank of Africa becomes BANK OF AFRICA: a name that connotes a bank serving Africa and its development across the world.

The visual identity -logo- highlights the name BANK OF AFRICA and its belonging to BMCE Group.

Voting details are available on the Bank's website www.ir-bankofafrica.ma.


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Change of Name - RNS

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BMCE - Banque Marocaine du Commerce Exterieur SA published this content on 10 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2020 11:23:03 UTC