BMCE Bank International
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Company type | Private |
---|---|
Industry | Financial services |
Founded | 2007 |
Headquarters | , |
Products | Investment banking Capital Markets Corporate Banking Advisory |
Owner | Bank of Africa |
Website | www |
BMCE Bank International, formerly known as MediCapital Bank, is an United Kingdom-based investment bank specialising in Africa.
BMCE Bank International is a full service investment and wholesale bank, headquartered in London with an international network in Europe and Africa. Its core business divisions are Capital Markets, Corporate Banking and Advisory.[1] The bank is a subsidiary of Bank of Africa.
History
[edit]BMCE Bank International was launched in 2007 under the name MediCapital Bank as the international wholesale arm of the Banque Marocaine du Commerce Extérieur and started trading in February 2008. On September 1, 2010 MediCapital Bank changed its name to BMCE Bank International
BMCE Group is part of the Finance.com Group, one of the largest private financial groups in Morocco. Operating both domestically and internationally, BMCE Group has four main businesses: retail banking, corporate banking, investment banking and international banking and a long experience of doing business in Africa through its on-the-ground network of offices in fifteen countries across North, West, East and Central Africa. It is listed on the Casablanca Stock Exchange with a market capitalisation of c. $US 5 billion (as at 31 December 2009).
Services
[edit]BMCE Bank International has three core business divisions: Capital Markets, Corporate Banking, and Advisory.
Capital Markets
[edit]The Treasury and Capital Markets division's main products offering are foreign exchange & money markets, equities sales & trading, private equity and credit trading & structuring.
Corporate Banking
[edit]The division offers:
- Structured finance services such as project finance, large-scale export finance, commodity finance, asset-backed finance, acquisitions and leverage finance, working capital needs facilities
- Trade finance and Guarantees including letters of credit, forfeiting, clearing accounts, interest-bearing accounts, foreign payment and collection solutions
Advisory
[edit]The Advisory division (MediCapital Finance) resulted from the acquisition of Pall Mall Capital, a corporate finance boutique based in Paris, in July 2008. Its core business focuses on South-South mid-cap transactions and on companies based in North / West Africa. The team also specialises in cross-border transactions and provides financial services, including M&A advisory, equity restructuring & fund raising and privatisation advisory.