Casablanca – BANK OF AFRICA (BOA) continues to affirm its leadership in the financial sector with a series of prestigious recognitions in 2024, highlighting its strong performance and pioneering efforts in sustainable development. The bank has been honored on multiple occasions for its impactful initiatives, both in Morocco and across Africa.
At the Global Frontier Brand Awards 2024, BANK OF AFRICA received two notable awards:
- “Excellence in Strategic Sustainability Leadership – Africa, 2024”
- “Outstanding Sustainability Leader in Financial Services – Morocco, 2024”
These accolades underscore BOA’s ongoing commitment to environmental, social, and sustainable finance. The awards were conferred following a rigorous evaluation process that recognized BOA’s innovative approach and long-term vision in integrating sustainable practices into its core operations.
In addition to these global recognitions, BOA was also named “Morocco’s Bank of the Year 2024” by The Banker magazine, part of the Financial Times Group. This marks the 10th time the bank has earned this distinction since 2000, further cementing its reputation as a leader in Morocco’s banking sector.
BOA’s strategy is deeply rooted in responsible growth and innovation. Since 2015, the bank has expanded its range of financial products to address critical sustainability challenges such as energy efficiency, water resource management, and the circular economy. It has also incorporated environmental, social, and climate risks into its portfolio management practices.
Under the guidance of its Chairman, Othman Benjelloun, BANK OF AFRICA has maintained its position as a reference point for sustainable finance on the continent. In 2000, the Group became the first African signatory of the United Nations Environment Programme Finance Initiative (UNEP FI), marking the beginning of a journey towards integrating environmental responsibility into financial services.
BOA’s achievements are not limited to financial innovation. Through its BMCE Bank Foundation for Education and the Environment, the Group has made significant contributions to social development and environmental preservation in Morocco and Africa. This includes groundbreaking initiatives such as achieving ISO certifications for its Environmental and Energy Management System—a first in the Moroccan banking sector.
Looking ahead, BOA aims to consolidate its position as a pan-African multi-business leader by 2030 and beyond. The Group’s strategy emphasizes a balance between economic growth and sustainable impact, leveraging a robust digital and physical infrastructure to serve African economies and the African diaspora worldwide.
The awards presented to BANK OF AFRICA in 2024 demonstrate the bank’s dedication to excellence, sustainability, and innovation. These recognitions also reflect its strategic vision of driving inclusive growth while addressing critical environmental and social challenges across its regions of operation.
Founded in 2015, Boston Brand Research & Media, the institution behind the Global Frontier Brand Awards, is known for its role in spotlighting excellence worldwide. Collaborating with renowned institutions such as Harvard, MIT, and Boston University, the organization sets benchmarks for corporate performance and sustainability.
With its growing recognition on both regional and global levels, BANK OF AFRICA continues to raise the bar for responsible finance in Africa, further solidifying its role as a leading force in shaping a sustainable and inclusive future for the continent.
