BANK OF AFRICA

Bank of Africa (BOA) is an international financial services group headquartered in Casablanca, Morocco. It was formed through the 2010 acquisition of Bank of Africa (est. 1982 in Mali) by the Banque Marocaine du Commerce Extérieur (BMCE, Arabic: البنك المغربي للتجارة الخارجية, lit. 'Moroccan Bank of Foreign Trade', est. 1959), following which BMCE rebranded its commercial operations as Bank of Africa in 2020. The BMCE name survives in the byline "BMCE Group" incorporated in the BOA brand identity.

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BANK OF AFRICA SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Morocco
CASABLANCA
/
BMCEMAMC
2
Morocco
CASABLANCA
/
BMCEMAMCBCB
3
Morocco
CASABLANCA
/
BMCEMAMCBTI
4
Morocco
CASABLANCA
/
BMCEMAMCCOR
5
Morocco
CASABLANCA
/
BMCEMAMCMRE
6
Morocco
CASABLANCA
/
BMCEMAMCSDM
7
Morocco
TANGER
/
BMCEMAMCTCM
8
Morocco
TANGER
/
BMCEMAMCTZF
9
Morocco
CASABLANCA
/
BMCEMAMCXXX
  • Total: 9
  • 1

About BANK OF AFRICA

  • Company type
    Private
  • Industry
    Financial services
  • Founded
    1959
  • Headquarters
    Casablanca , Morocco
  • Key people
    Othman Benjelloun Group Chairman & CEO
  • Products
    Credit cards , consumer banking , corporate banking , finance and insurance , investment banking , mortgage loans , private banking , private equity , savings , securities , asset management , wealth management
  • Number of employees
    5655 (2016)
  • Website
    bankofafrica .ma

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does BANK OF AFRICA have different SWIFT Codes?

BANK OF AFRICA operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process BANK OF AFRICA's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of BANK OF AFRICA to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of BANK OF AFRICA, you can log on to the official website of BANK OF AFRICA, or search the current page of XTransfer, or call BANK OF AFRICA to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like BANK OF AFRICA?

Usually, SWIFT Code consists of 8 or 11 characters. For BANK OF AFRICA, the first 4 digits represent the bank code, which is the same for BANK OF AFRICA worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for BANK OF AFRICA be updated or changed?

Yes. When BANK OF AFRICA undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where BANK OF AFRICA is located, its SWIFT Code may be updated and changed. BANK OF AFRICA will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of BANK OF AFRICA in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of BANK OF AFRICA support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of BANK OF AFRICA supports the corresponding business.