BMCE Bank

The aim of this meeting for us today is to show you the Building societies. First I'm going to define the building societies... Then Marie is going to talk about the story of the building companies and to conclude, Chloëe is going to present the big building companies and where they exsist. A building society is a financial institution, owned by its members, that offers banking and other financial services, especially mortgage lending. The first building societies were formed about two hundred

education, and there are different forms of Aid: First, the Debt relief: Indeed African countries are heavily indebted but less than in the past with the Aid of some countries, as well the financial aid from economic organizations (as IMF or the World Bank) and investments and the inflows of capital from foreign countries are also a huge part of the aid. What are those countries? Western countries are no more the only ones in Africa, China is taking the lead and at the present time the country

Money laundering is a generic term used to describe any process that conceals the origin or derivation of the proceeds of crime so that the proceeds appear to be derived from a legitimate source. Money laundering is sometimes wrongly regarded as an activity that is associated only with organised crime and drug trafficking. It is not. It occurs whenever any person deals with another person's direct or indirect benefit from crime. The term ‘money laundering’ is in fact a misnomer. Often it is

people help each other out with advices on how to improve their finances. As those applications become more and more famous, this change reveals that people do not entirely trust their bank institution anymore, they are more likely to take advices that do not come from professionals than taking advices from their own bank.

Flash BMCE Capital Bourse ATTIJARIWAFA Bank BANQUES Cours au 01 03 11 : MAD 421,5 en MMAD PNB consolidé Var% RBE consolidé Var% Coût du risque RNPG Var% Coefficient d’exploitation RoE P/E P/B D/Y 2009 13 255,2 20,9% 7 849,9 28,3% 988,3 3 940,8 26,4% 40,8% 13,4% 20,6x 2,8x 1,4% 2010 14 666,6 10,6% 8 244,2 5,0% 1 218,2 4 102,5 4,1% 43,8% 12,3% 19,8x 2,4x 1,9% 2011E 16 029,7 9,3% 9 297,2 12,8% 1 321,4 4 639,2 13,1% 42,0% 12,7% 17,5x 2,2x 2,1% 2012P 17 347,9 8,2% 10 061,8 8,2% 1 453,6 5 007,0 7,9%

Recherche Stock Picking ATTIJARIWAFA Bank BANQUES Cours au 15 Janvier 2010 : MAD 268,85 M MAD Evolution comparée ATTIJARIWAFA Bank vs. MADEX et indice bancaire Evolution com parée ATTIJARIWAFA Bank Vs. M ASI ATTIJARIWAFA Bank MASI Indice bancaire ACCUMULER Objectif de cours : MAD 303,3 2007 2008 2009E 2010P Cours au 15 Janvier 2010 268,85 303,3 51 887 192 995 960 23 149 177 66 501 M MAD 34,6 286 227 +13,4% +1,5% -2,2% PNB Var% RBE Var% RNPG Var % Coefficient d’exploitation

d’Attijariwafa bank et de la Banque Populaire tant sur le plan du pouvoir de marché que sur celui du potentiel de développement. Ces deux banques se détachent des autres par le volume de dépôts et de crédits qu’elles arrivent à capter, ainsi que par l’étendue de leur réseau d’agences et de GAB-DAB. Par ailleurs, leur Produit Net Bancaire est élevé et leur permet de disposer de ressources importantes pour des développements futurs. * La BMCE constitue

ANALYSE STRATEGIQUE ATTIJARIWAFA BANK SOMMAIRE Partie I Analyse du secteur bancaire marocain ……….……. ………….… 2 Vision Mission Stratégie Stratégie de d’Attijariwafa d’Attijariwafa générique Porter adoptée Bank……………………... Bank ………. adoptée ………. ………………… 8 …………………………..… 9 …………………………………….. 10 …………………………….. 11 Partie II Analyse PESTL ……….…..……………………………………. 12 Analyse des cinq forces de Porter ………. 1 ANALYSE STRATEGIQUE ATTIJARIWAFA BANK …………………….. 17 Segments Facteurs Clés stratégiques

le Marché Marocain - Secteur Bancaire L’offre * Attijari Wafa Bank * CIH * Crédit du Maroc * Crédit Agricole * La Banque Populaire * La BMCE * La BMCI * La Société Générale 1. Banque Attijari Wafa Bank La banque Commerciale du Maroc (BCM) a été fondée en 1911, elle a été considérée comme la première banque privée au Maroc, jusqu’à sa fusion en 2003 avec WAFABANK pour former ATTIJARI WAFA BANK aujourd’hui. Ce groupe financier marocain est considéré comme premier

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