BMCI: Net Profit Up 4% as of September 30, 2025

BMCI has reported a solid financial structure with ratios exceeding regulatory limits. The consolidated solvency ratio stands at 13.5%, while the social solvency ratio is at 15.0%. The consolidated liquidity ratio is 129%, with the social liquidity ratio at 148%. There has been a notable growth in new production, despite a temporary decline in credit balances. The bank experienced a 17% increase in disbursements of amortizable loans for 2025, reaching 8 million MAD. However, customer loans decreased by 6.9%, primarily due to significant operations in cash credits and factoring conducted at the end of 2024. The consolidated gross operating profit (GOP) has grown, driven by an improvement in net banking income (NBI) and a controlled increase in management expenses. Revenue growth is attributed to a 5.6% improvement in the net interest margin (+110 million MAD), mainly due to better refinancing costs. Additionally, commission margins rose by 8.7% (+35 million MAD), while market operations results decreased by 7.4% (-39 million MAD), attributed to fair value adjustments on certain unconsolidated securities. The operating coefficient has decreased by 49 basis points to 58.8%, with a positive scissors effect of 85 basis points, reflecting the bank's policy of enhancing revenue and controlling costs. The gross operating profit on a social basis continues its upward trend. The bank maintains a prudent and proactive risk management policy. The social risk cost has decreased by 14% compared to last year, with a slight increase in the coverage ratio to 81.3% at the end of September 2025, up from 80.5% at the end of September 2024. The consolidated risk cost has risen by 11%, reflecting an increase in provisions for the bank's credit portfolio (stage 1 and 2) and subsidiaries, in line with the bank's cautious provisioning policy. The group net profit has increased by 4%, reaching 326 million MAD compared to 314 million MAD as of September 30, 2024 (+12 million MAD). The consolidated net profit has slightly decreased by 0.7%, impacted by the level of risk costs. The social net profit has risen by 21%, driven by strong commercial performance, controlled management expenses, and a reduction in risk costs. The bank reaffirms its contribution to the dynamics of the national economy.