CBAO Groupe Attijariwafa Bank

Stock performance

History

CBAO was founded in the colonial era, making it one of the oldest banks in West Africa, and was later acquired by Morocco's Attijariwafa Bank, growing into one of the largest banks in Senegal as part of one of the most significant pan-African banking expansions led by a Moroccan financial institution.

Business model

CBAO Groupe Attijariwafa Bank provides retail, corporate, and trade-finance banking services across Senegal, operating as the Senegalese subsidiary of Morocco's Attijariwafa Bank, one of Africa's largest banking groups.

Market position

CBAO is one of the largest banks in Senegal, competing with Sonatel-adjacent financial institutions and other domestic and pan-African banks, and its Moroccan parent group ownership reflects the broader expansion of North African banks into West Africa.

Country impact

CBAO is one of the oldest and most significant financial institutions in Senegal, and its ownership by Attijariwafa Bank illustrates the growing role of Moroccan capital in West African banking over recent decades.