Moroccan bank BMCE Bank of Africa Group and Al Baraka Banking Group, the world leader in participatory banking, launched this Tuesday, December 26 the new participatory bank BTI Bank (Bank Al-Tamweel Al-Inma Wa).
The capital of the new bank will be owned 51% by BMCE Bank of Africa and 49% for the Saudi group. BTI Bank and starts with a network of 4 branches, of which the first is already open in Casablanca, with a target of 37 by 2022.
“The launch of BTI Bank is for us the culmination of months of work and close collaboration with our partner Al Baraka Banking Group, with whom we share many values and an ambitious vision. We believe that by combining the historical expertise of our partner and our strong market knowledge, we quickly succeed in making a reference BTI Bank of participatory bank in Morocco, “said Brahim Benjelloun Benjelloun CEO Group Executive Director BMCE Bank of Africa.
In terms of rates, the new bank will offer participatory financing in many sectors include among others, the automotive and foreign trade, in folds of traditional banking services.
With businessincameroon
