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BCP completes acquisition of west African financial group ABI
Morocco’s Banque Centrale Populaire (BCP) has completed the acquisition of the remaining shares of Atlantic Business International (ABI), becoming the sole owner of the west African financial group, according to an official statement released on Wednesday.
BCP finalized the purchase of a 20.17 percent stake previously held by an investment entity, bringing its total ownership of ABI to 100 percent. The transaction, valued at approximately 1.88 billion Moroccan dirhams, allows the banking group to fully consolidate its control over one of the leading pan-African financial platforms.
As of mid-2025, ABI ranked among the top banking groups in West Africa, operating across the West African Monetary Union and Guinea. The group manages a substantial loan portfolio and serves hundreds of thousands of clients through a broad regional network.
ABI currently operates ten banks and four insurance companies across nine countries in sub-Saharan Africa, reflecting its strong footprint in the regional financial sector.
This acquisition aligns with BCP’s long-term strategy to strengthen its presence on the African continent and support economic development in the markets where it operates. The group reaffirmed its ambition to expand its regional reach, enhance operational synergies and create sustainable value for clients and partners across Africa.
