Home Credit Ratings and Research Fitch Research Marocaine Pour Le Commerce et L'Industrie Banque SA

Banque Marocaine pour le Commerce et l'Industrie

Published Sep 23, 2014

6 pages (6551 words) — Published Sep 23, 2014

Price US$ 300.00 | Buy this Report Now

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Brief Excerpt:

...Ratings Driven by Support: Banque Marocaine pour le Commerce et l'Industrie's (BMCI) ratings are based on Fitch Ratings' belief that there would be a high propensity of support from its majority (66.7%) shareholder, BNP Paribas (BNPP; A+/Stable). This reflects BNPP's strong ability and willingness to provide support to BMCI. BMCI's Support Rating is constrained by Morocco's Country Ceiling (BBB). Strategically Important Subsidiary: Fitch considers BMCI to be a strategic subsidiary for BNPP given its majority ownership and BMCI's important contributory role in the development of retail banking in the Mediterranean basin. BMCI has a good presence in Morocco (fifth- largest bank by total assets; 7% of deposits), and Fitch does not foresee a reduction in BNPP's presence in Morocco. BMCI is small relative to BNPP, which makes it easier for BNPP to provide financial support. Overall, BNPP has a strong history of supporting group entities. Strong Integration Into BNPP: BMCI is strongly integrated...

Report Type:

Update

Company(ies)

Marocaine Pour Le Commerce et L'Industrie Banque SA

Ticker(s)

BCI

Format:

PDF

Fitch Support Rating Actions for Four Moroccan Banks – 2003/12/19 – US$ 149.00

Fitch Affirms BMCI's National and Support Ratings; Outlook Stable – 2005/12/22 – US$ 149.00

Peer Review: Moroccan Banks – 2014/12/15 – US$ 999.00

Fitch: BNPP's 1Q14 Pre-tax Results Resilient; Litigation Costs Likely to Increase – 2014/05/01 – US$ 149.00

Fitch Affirms Morocco's BMCI at 'AAA(mar)'/Stable – 2014/08/06 – US$ 149.00

Peer Review: Major Moroccan Banks – 2015/07/30 – US$ 999.00

Fitch: Moroccan Banking Sector Remains Resilient – 2014/12/15 – US$ 149.00

Fitch Affirms BMCI at 'AAA(mar)'; Outlook Stable – 2015/07/23 – US$ 149.00

Fitch: Subdued Domestic Economy Weighs on Moroccan Banks – 2015/07/30 – US$ 149.00

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MLA:	Fitch Research. "Banque Marocaine pour le Commerce et l'Industrie" Sep 23, 2014. Alacra Store. May 15, 2025. <http://www.alacrastore.com/fitch-credit-research/Banque-Marocaine-pour-le-Commerce-et-l-Industrie-765068_report_frame>

APA:	Fitch Research. (). Banque Marocaine pour le Commerce et l'Industrie Sep 23, 2014. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/fitch-credit-research/Banque-Marocaine-pour-le-Commerce-et-l-Industrie-765068_report_frame>

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