International Banker offers a global view of banking and finance. Each year through the Banking Awards, it recognises the leading banking institutions and individuals that have set the bar for industry excellence. The 2017 Banking Awards acknowledge the organisations and individuals within the banking and financial industries in Asia, the Middle East and Africa that drive global economic commerce, create capital and opportunities for economic growth within their regions, set the benchmarks for technological advancement and customer service, while maintaining high levels of regulatory compliance and corporate governance. The standout institutions working within retail, commercial, investment and private banking are recognized with these awards. In addition, special awards are given to outstanding CEOs in each region. —
Honoured with double awards (Best Innovation in Retail Banking Mauritania 2017 and Best Commercial Bank of the Year Mauritania 2017) to acknowledge and celebrate its innovation and leadership in the areas of retail and commercial banking in Mauritania, BMCI (Banque Mauritanienne pour le Commerce International) has achieved a prominent position on the International Banker 2017 Asian, Middle Eastern and African Banking Awards list. Retail banking is among BMCI’s most developed business divisions. As Mauritania’s oldest bank, the lender has managed to forge enduring relationships with its customers that extend beyond simply—and facelessly—generating value. Given its geographical breadth, with a network of 38 agencies covering the entire nation and a customer base well over the 100,000 mark, and the fact that not all of BMCI’s locations are necessarily profitable, there is ample evidence that the bank prioritises global coverage over short-term financial gains. While other banks may claim to put customers at the heart of their businesses, BMCI demonstrates this with the services provided to them in near-continuous state of improvement. Methods to remove non-value-added processes are constantly being unearthed in order to make banking transactions easier. Of utmost importance among BMCI’s retail- and commercial-banking outfits is its Islamic-finance business. For more than 10 years, the bank has sought to satisfy its customers’ ambitions, whilst maintaining complete respect for Islamic Sharia principles.
Delivering its diverse suite of products to customers in an efficient manner is something of a priority for BMCI, and this is often addressed through the utilisation of technology. Customers can access with convenience some of the latest digital-banking products available on the regional market through the bank’s tech brand, BMCI Net. There is also a clear plan to further enhance internal operational efficiency, streamline business processes and improve the overall banking experience for customers, principally through the completion of its ongoing information-technology and structural projects. The bank is also keen to progress according to the feedback it receives from its clients, thus again providing demonstrative evidence of truly putting the customer at the very core of its business. While BMCI may continue to grow significantly, its desire to remain close to its customers and to strive to improve the services offered to them will crucially help it outmuscle the competition in Mauritania’s increasingly crowded banking industry.
A vast network of organisations across 26 countries help support the commercial activities of BMCI, in addition to the employment of more than 400 highly skilled and specialised banking professionals. Globally, the bank is well connected via an extensive network of correspondent banking entities, many of whom are the biggest names in the industry. For all such relationships, BMCI has credit lines in place totally more than $80 million, indicating how strong the bank’s credit profile is regarded on the international stage.
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Name: Simon Brown
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Organization: Finance Publishing
Address: EC1N 8JY United Kingdom
Release ID: 210252