BNP Paribas: Exclusive discussions with Holmarcom for the sale of BMCI in Morocco

Core Points - BNP Paribas has entered into exclusive discussions for the potential sale of its 67% stake in its Moroccan subsidiary BMCI to the Holmarcom Group, which has been a partner and shareholder of BMCI for 30 years [1] - The discussions are at a preliminary stage, and further details will be disclosed if the project moves forward [1] - If the transaction is completed in 2026, it is expected to positively impact BNP Paribas' CET1 ratio by approximately +15 basis points [2] Company Overview - BNP Paribas is a leader in banking and financial services in Europe, operating in 64 countries with nearly 178,000 employees, over 144,000 of whom are in Europe [3] - The Group has key positions in three main fields: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking [3] - BNP Paribas aims to support clients in realizing their projects through a diversified range of solutions, including financing, investment, savings, and protection insurance [3] - The Group is expanding its integrated commercial and personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe, while maintaining a strong presence in the Americas and a growing business in Asia-Pacific [3] - BNP Paribas has implemented a Corporate Social Responsibility approach to contribute to a sustainable future while ensuring the Group's performance and stability [3]