BNP Paribas is one of the largest banks in the world,[1] ranking twenty-fourth on the Forbes Global 2000 List in 2016. BNP provides retail banking and services and corporate and institutional banking (CIB) services in over seventy countries worldwide.
BNP Paribas’s full subsidiary, BMCI (Banque Marocaine pour le Commerce et l’Industrie,or Moroccan Bank for Trade and Industry),[2] operates a major branch in Dakhla,[3] opened in January 2016. Laurent Dupuch, a long-serving BNP Paribas Group executive who currently directs the group’s Moroccanoperation and is chairman of the BMCI Management Board,, opened the branch in January 2016, and declared that “the BMCI Dakhla agency will carry out all banking operations and will thus make available to our customers all our banking products, the expertise and know-how of our teams.”[4] BMCI provides employment to the Moroccan settler population[5] and a full range of banking and financial services, and also participates in financing large infrastructure development projects connecting “South Morocco” with Morocco proper.[6]
[1] BNP Paribas, Homepage, https://mabanque.bnpparibas/.
[2] BMCI, Homepage, http://www.bmci.ma/.
[3] Log.Ma, “BMCI Launches a New Agency in Dakhla,” January 26, 2016, https://log.ma/post/141334/bmci-lance-une-agence-a-dakhla>; BMCI Groupe BNP Paribas, “Find An Agency,” http://www.bmci.ma/trouver-une-agence/.
[4] BMCI, Official Press Release in Arabic, http://www.bmci.ma/wp-content/blogs.dir/sites/2/2016/01/CP-BMCI-Ouvre-une-agence-Dakhla-janvier-2016-VA.pdf; “L’agence BMCI Dakhla a ouvert ses portes,” https://lnt.ma/lagence-bmci-dakhla-a-ouvert-ses-portes/, statement translated.
[5] BMCI Groupe BNP Paribas, “Chargé de Clientèle Avec Caisse – LAAYOUNE,” http://recrutement.bmci.ma/espace-candidats-imprimer-offre.php?id_offre=187.
[6] L’Economiste, “The First Green Electrons of Nareva,” February 13, 2013,
http://www.leconomiste.com/article/903422-les-premiers-lectrons-verts-de-nareva.
