Bank of Africa: Consolidated Net Banking Income Exceeds 10.5 Billion Dirhams in H1 2025

Bank of Africa (BOA) has reported a 4% increase in customer deposits, excluding repos, reaching 168 billion dirhams. The group's total deposits rose by 2%, amounting to 261 billion dirhams. On the credit side, the trend remains positive, with a 4% increase in social credit to 132 billion dirhams and a 1% rise in consolidated credit to 206.6 billion dirhams. The bank successfully closed a perpetual bond issuance, featuring a loss absorption mechanism, totaling 1 billion dirhams. This issuance was met with strong interest, achieving a subscription rate of 10.63 times. BOA's performance has been recognized by the international financial community. The bank was awarded twice by the Euromoney Awards for Excellence, being named "Morocco’s Best Bank" and "Morocco’s Best Bank for SMEs." In July 2025, BOA became the first Moroccan bank to obtain the ISO 9001:2015 certification for its Global Transaction Banking activities. This certification encompasses Cash Management, digital Trade Finance, and large enterprise transactional services under the GTB-CIB by BOA brand. Additionally, the bank successfully renewed its ISO 37001 certification for its Anti-Corruption Management System, reaffirming its commitment to integrity, transparency, and exemplary practices. Finally, BOA has launched a partnership with the Morocco’s 40 under 40 program, aimed at enhancing the skills of young Moroccans and promoting their contributions to the economic opportunities of the Kingdom and the African continent.