CIH to Take Over BNP Paribas’ Morocco Asset Management Business

Posted February 20, 2023

Casablanca-based lender CIH Bank is paying 70m dirhams to take over the management of 8b dirhams in assets from BMCI, CIH says in a statement.

Transaction is expected to be finalized in 1H/2023 and subject to regulatory approval
BMCI Asset Management had 40 UCITS with total assets of around 8b dirhams

Source: Bloomberg