2024-06-07 16:22:08
Following the acquisition by the Holmarcom group, via the holding firm Holmarcom Finance Firm and its subsidiary AtlantaSanad Assurance, of a primary tranche of 63.7% of the capital of Crédit du Maroc in December 2022, and following the lifting of all crucial regulatory suspensive situations, Holmarcom- the group, through Holmarcom Finance Firm, bought the second tranche of Crédit Agricole SA’s stake in Crédit du Maroc, which covers 15% of the capital and voting rights of the financial institution.
The transaction regarding this second tranche will happen, as agreed, 18 months following the completion of the sale of the primary tranche of 63.7% of the capital to Crédit du Maroc. The Holmarcom group now owns 78.7% of the financial institution’s capital (65.9% of Holmarcom Finance Firm and 12.8% of AtlantaSanad).
Because of the robust mobilization of the Crédit du Maroc groups, beneath the supervision of the Holmarcom group, and the assist of Crédit Agricole SA, the transition plan happened in accordance with the commitments of each events, leading to area for the whole autonomy of Crédit du Maroc, each when it comes to its actions and when it comes to its operational perform and knowledge system.
“As quickly as we took management of the financial institution, we started to implement our strategic imaginative and prescient that goals to make Crédit du Maroc a contemporary, modern monetary actor dedicated to serving residents and nationwide companies, for sustainable improvement. », declared Mohamed. Hassan BENSALAH, chairman and CEO of the Holmarcom group.
The group has set formidable development targets for Crédit du Maroc. On this capability, he carried out a strategic repositioning and gave the financial institution a improvement plan which is especially structured round a brand new market and gross sales coverage carried out, notably via a digital transformation program and overhaul of affords and course affords to prospects.
The development of the financial institution’s industrial outcomes and monetary indicators in current months exhibits the relevance of the strategic selections which were adopted and the assist from staff for the brand new dynamics which were established and the adjustments which were launched.
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