Crédit du Maroc: Net Profit Growth of 20% by End of September 2025

Crédit du Maroc has confirmed its commitment to financing the Moroccan economy, reporting a sustained growth in loans by the end of September 2025. Customer loans increased by 5.2% over the past twelve months, reaching 58,069 million MAD. In the corporate sector, the bank has solidified its position in the Moroccan market, with corporate loans rising by 8.0% to 35,656 million MAD, driven by a strong acceleration in SME financing. This performance is supported by a 21.2% growth in equipment loans, a 44.4% increase in leasing, and an 18.4% rise in loans to real estate developers. For individual loans, Crédit du Maroc has enhanced its support for households through a 9.6% increase in consumer credit and a 2.5% rise in housing loans. The bank's consolidated resources reached 58,470 million MAD by the end of September 2025, marking a 6.8% increase over the past year. This growth is attributed to a strong collection of sight deposits, which amounted to 42,139 million MAD, up 10.7% year-on-year. Term deposits and savings resources stood at 4,803 million MAD and 10,079 million MAD, respectively. The consolidated net banking income grew by 9.8%, reaching 2,678 million MAD by the end of September 2025, driven by balanced growth across all activities of the Crédit du Maroc group. The net interest margin increased by 10.9% to 1,993 million MAD, benefiting from the growth in loan volumes, enhanced resource collection, and an expanded business base. The commission margin rose by 8.0% to 379 million MAD, supported by the growth of subsidiary activities, particularly in leasing and factoring. The market operations result reached 385 million MAD, up 6.3%, benefiting from strong trading and foreign exchange activities. The overall contribution from subsidiaries strengthened to 195 million MAD by the end of September 2025, a 31.2% increase. The gross operating result improved by 13.1% to 1,468 million MAD by the end of September 2025. This improvement is a result of the growth in consolidated net banking income and rigorous management of operating expenses. The cost-to-income ratio improved by 162 basis points to 45.2%. In terms of investments made by Crédit du Maroc in 2025, these totaled 200 million MAD, primarily driven by the bank's technological transformation. The consolidated risk cost stood at 228 million MAD, a decrease of 21%, confirming the bank's proactive risk management policy. The coverage ratio for doubtful and contentious receivables rose to 88.7% by the end of September 2025, an improvement of 82 basis points compared to the same period in 2024. Non-performing loans decreased by 5.9% to 4,310 million MAD, leading to an improvement in the ratio of doubtful and contentious receivables to 7.4%, down 88 basis points from September 2024. The consolidated net result of the Crédit du Maroc group strengthened to 690 million MAD, reflecting a growth of 19.9% compared to the same period in 2024. This performance highlights the bank's enhanced profitability and consistent risk management.