Banque Centrale Populaire - BCP

About Banque Centrale Populaire - BCP

The BCP Group is a universal mutualist financial group that draws its strength from the uniqueness of its values of solidarity and mutuality, marked in its organization and its unique operation in Morocco. It consists of Regional Popular Banks (BPR) with a cooperative purpose, the Banque Centrale Populaire - the central body in the form of a publicly traded joint-stock company -, specialized subsidiaries, foundations, and banks and representative offices abroad. The Regional Popular Banks are cooperative in form. It is this dimension that marks the institutional uniqueness of the group within the Moroccan banking system, particularly due to the following specificities: - The capital of the BPRs is held by their shareholder customers and by the Banque Centrale Populaire; - The community of shareholders is represented by the Supervisory Board responsible for monitoring and controlling the activities of the BPR. Listed on the stock exchange since July 8, 2004, Banque Centrale Populaire (BCP) acts in particular as the Group's central clearing house, manages the cash surpluses of the Regional Popular Banks, and provides refinancing and common interest services on behalf of the Bank's organizations.