RMA WATANYA	27,41 %
BANQUE FEDERATIVE DU CREDIT MUTUEL	24,56 %
DIVERS ACTIONNAIRES	16,21 %
CDG (Caisse de Dépôt et de Gestion)	8,31 %
O CAPITAL GROUP	7,22 %
British International Investment	5,38 %
Groupe MCMA-MAMDA	5,01 %
CIMR	3,93 %
Personnel	1,09 %
SFCM	0,88 %
Total	100,00 %

Key indicators

Company name	BANK OF AFRICA
Corporate address	140. Avenue Hassan II . Casablanca
External auditors	FIDAROC GRANT THORNTON et BDO AUDIT TAX ADVISORY
Date of creation	31/08/1959
Date of IPO	16/06/1975
Length of fiscal year	12
Social object	All types of banking activity.

	2023	2022	2021
Consolidated accounts	Yes	Yes	Yes
Share capital	2 125 656 420,00	2 087 698 270,00	2 056 066 480,00
Equity	33 893 817 000,00	31 841 759 000,00	29 499 117 000,00
Number of titles(2)	212 565 642	208 769 827	205 606 648
Sales figures	16 952 830 000,00	15 624 409 000,00	14 607 082 000,00
Operating result	5 394 899 000,00	4 697 135 000,00	3 726 200 000,00
Net income (4)	2 662 160 000,00	2 304 613 000,00	2 007 214 000,00

Ratios	2023	2022	2021
BPA	12,52	11,04	9,76
ROE (in %)	7,85	7,24	6,80
Payout (in %)	-	36,24	40,97
Dividend yield (in %)	-	2,33	2,13
PER	14,33	15,58	19,26
PBR	1,13	1,13	1,31

Financial operation

Capital increase

Date	Capital after operation	Type of operation	Securities variation	Nominal value	Nominal value	Effective date	Fiscal period	EGM decision	Ratification authority
11/10/2023	2 125 656 420,00	Incorporation of reserves and allotment of free shares	3 795 815	10,00	-	01/01/2023	-	20/06/2023	20/06/2023
06/10/2022	2 087 698 270,00	Incorporation of reserves and allotment of free shares	3 163 179	10,00	-	01/01/2022	-	28/06/2022	28/06/2022
30/09/2020	2 056 066 480,00	Conversion of dividends	5 786 188	10,00	137,00	01/01/2020	Nx:De 13/08/2020 To 15/09/2020	23/06/2020	25/09/2020
05/11/2019	1 998 204 600,00	Subscription in cash without preferential right	10 723 555	10,00	180,00	01/01/2019	Nx:De 23/10/2019 To 25/10/2019	04/09/2019	29/10/2019
19/08/2019	1 835 464 910,00	Conversion of dividends	4 083 101	10,00	180,00	01/01/2019	Nx:De 09/07/2019 To 31/07/2019	28/05/2019	08/08/2019
19/08/2019	1 890 969 050,00	Subscription in cash with preferential right	5 550 414	10,00	180,00	01/01/2019	Nx:De 09/07/2019 To 31/07/2019	28/05/2019	08/08/2019
18/12/2012	1 794 633 900,00	Subscription in cash without preferential right	7 500 000	10,00	200,00	01/01/2012	Nx:De 28/11/2012 To 05/12/2012	23/11/2012	05/12/2012
20/12/2010	1 719 633 900,00	Subscription in cash without preferential right	2 500 000	10,00	200,00	20/12/2010	Nx:De 29/11/2010 To 06/12/2010	10/11/2010	15/12/2010
06/10/2010	1 694 633 900,00	Subscription in cash without preferential right	10 712 000	10,00	235,00	01/01/2010	Nx:De 08/09/2010 To 05/10/2010	08/09/2010	05/10/2010
03/07/2000	-	Incorporation of reserves and allotment of free shares	1 443 194	10,00	-	01/01/2000	-	13/06/2000	13/06/2000
14/10/1996	-	Subscription in cash without preferential right	1 369 394	10,00	330,00	01/01/1996	Nx:De 26/02/1996 To 19/04/1996	26/02/1996	12/06/1996
14/10/1996	-	Subscription in cash without preferential right	205 409	10,00	330,00	01/01/1996	Nx:De 19/04/1996 To 27/05/1996	26/02/1996	12/06/1996
01/03/1996	-	Incorporation of reserves and allotment of free shares	2 857 142	10,00	-	01/01/1996	-	26/02/1996	26/02/1996
29/07/1992	-	Incorporation of reserves and allotment of free shares	750 000	10,00	-	01/01/1992	-	14/06/1991	25/05/1992
29/07/1992	-	Subscription in cash with preferential right	1 750 000	10,00	200,00	01/07/1992	Nx:De 25/05/1992 To 09/06/1992	14/06/1991	26/06/1992

Dividend

Year	Dividend amount	Dividend type	Ex-date	Payment date
2022	4,00	Ordinary	06/07/2023	17/07/2023
2021	4,00	Ordinary	14/07/2022	25/07/2022
2020	5,00	Ordinary	15/07/2021	29/07/2021
2019	5,00	Ordinary	10/08/2020	28/09/2020
2018	5,00	Ordinary	03/07/2019	15/08/2019
2017	5,00	Ordinary	29/06/2018	10/07/2018
2016	5,00	Ordinary	30/06/2017	11/07/2017
2015	5,00	Ordinary	29/06/2016	13/07/2016
2014	4,40	Ordinary	30/06/2015	09/07/2015
2013	4,00	Ordinary	30/06/2014	09/07/2014
2012	3,30	Ordinary	28/06/2013	09/07/2013
2011	3,00	Ordinary	29/06/2012	10/07/2012

Bond issue

Ticker	Name or title	Bond type	nominal value	Rate	Eligibility date	Maturity date	Type of amortization	Amount issued	Remaining Capital
OBOAE	28JUN2016 3.74% 10A 100K BOA	Subordinated bonds	100 000,00	3,74 %	28/06/2016	28/06/2026	In fine	78 900 000,00	78 900,00
OBOAD	21JAN2013 6.18% 10A 100K BOA	Subordinated bonds	100 000,00	6,18 %	21/01/2013	21/01/2023	In fine	160 000 000,00	160 000,00

Threshold crossing

Date	Declarant	Quantity	Price	Treshold crossed in %	Direction	Intention of the declarant
14/02/2023	CDC Group PLC	791 500	151,00	5,00	Decrease	-
14/05/2021	O CAPITAL GROUP	14 523 580	155,95	5,00	Rise	Continu its purchases of the security
05/11/2019	CDC Group PLC	10 723 555	180,00	5,00	Rise	Stop its purchases of the security
19/08/2011	FINANCE.COM	7 937 500	200,00	5,00	Rise	Continu its purchases of the security
06/10/2010	BANQUE FEDERATIVE DU CREDIT MUTUEL	10 712 000	235,00	20,00	Rise	-
06/10/2010	Caja de Ahorras del Mediterraneo	-	235,00	5,00	Decrease	Continu its purchases of the security
06/10/2010	FINANCE.COM	-	235,00	5,00	Decrease	-
22/03/2010	CDG (Caisse de Dépôt et de Gestion)	12 700 111	267,00	5,00	Rise	Sit on the board of directors of the listed company
22/03/2010	BANK OF AFRICA	12 589 826	267,00	5,00	Decrease	-
17/11/2009	BANK OF AFRICA	1 000	206,10	5,00	Rise	Stop its purchases of the security
05/02/2009	BANK OF AFRICA	6 350 000	290,00	5,00	Decrease	-
30/12/2008	BANQUE FEDERATIVE DU CREDIT MUTUEL	23 875 040	270,00	10,00	Rise	Sit on the board of directors of the listed company
30/12/2008	CIC (Caisse Industrielle et Commerciale)	23 875 040	270,00	5,00	Decrease	-
25/09/2008	BANK OF AFRICA	4 200	297,00	5,00	Rise	-
26/03/2008	BANK OF AFRICA	640 000	3 000,00	5,00	Decrease	-
14/03/2008	BANK OF AFRICA	1 000	3 250,00	5,00	Rise	-
27/09/2007	CIMR	27 000	2 985,00	5,00	Decrease	-
19/04/2007	BMCE	793 757	1 869,15	5,00	Rise	-
19/04/2007	Caja de Ahorras del Mediterraneo	793 757	1 869,15	5,00	Rise	Sit on the board of directors of the listed company
27/04/2006	BMCE	9 800	1 200,00	5,00	Rise	Sit on the board of directors of the listed company
24/05/2005	BANK OF AFRICA	628 841	525,00	5,00	Decrease	-
22/02/2005	BANK OF AFRICA	200 585	515,00	5,00	Rise	-
04/02/2005	BANK OF AFRICA	900	512,00	5,00	Decrease	-
04/02/2005	BANK OF AFRICA	1 100	513,00	5,00	Decrease	-
24/06/2004	FINANCE.COM	1 587 514	500,00	10,00	Decrease	-