THE MIDDLE EAST'S

TOP 30 BANKS 2022

27. Bank of Africa

Country : Morocco
Chairman and CEO: Othman Benjelloun
Market value: $4 billion
Revenues: $2.1 billion
Profits : $291 million
Assets: $35.3 billion

The Bank of Africa is present in more than 20 African countries and employs more than 14,900 people. It has 2,000 points of sale, serving 6.6 million customers. In 2019, the Bank of Africa and Casablanca-based business school the ISCAE Group jointly launched the “Blue Space” incubator. Located on the ISCAE campus, BlueSpace offers students and entrepreneurs tools to help develop business ideas. Moroccan billionaire Othman Benjelloun is the Chairman and CEO of the bank.