Strong Financial Performance Underpinned by Solid Fundamentals
Crédit du Maroc has reaffirmed its commitment to supporting the national economy, reporting an 11.0% increase in total loans, which amounted to 62.86 billion MAD by the end of December 2025.
Loans to businesses surged by 12.2%, reaching 37.38 billion MAD, primarily driven by a robust demand for equipment financing and loans to developers, both of which saw an increase of 16.6%.
In addition, the bank continued to support household financing, with total outstanding loans growing by 4.8% to 22.28 billion MAD, fueled by an 11.2% rise in consumer loans and a 3.3% increase in housing loans.
Consolidated Resources and Banking Income
Consolidated resources also showed a positive trend, climbing to 61.23 billion MAD, a 7.4% increase compared to 2024. This growth was largely attributed to a strong performance in sight deposits, which reached 44.50 billion MAD, up 11.6%.
Savings accounts and term deposits stood at 10.10 billion MAD and 5.08 billion MAD, respectively, by the end of December 2025.
The consolidated net banking income grew by 8.0%, totaling 3.57 billion MAD, driven by the overall performance of Crédit du Maroc's various business activities.
The net interest margin increased by 10.4% to reach 2.68 billion MAD, benefiting from commercial dynamics, optimized resource costs, and positive contributions from the subsidiary Crédit du Maroc Leasing and Factoring.
Commission income also saw a rise of 7.3%, reaching 494 million MAD, supported by the growth of subsidiary activities, particularly Crédit du Maroc Patrimoine and CDM Capital Bourse, as well as strong performance in specialized sectors such as international trade and bancassurance.
Market Operations and Operational Efficiency
Market operations yielded a result of 499 million MAD, benefiting from favorable trading conditions in foreign exchange.
The contribution from subsidiaries to net banking income increased by 28.2%, generating total revenue of approximately 259 million MAD.
Gross operating profit reached 1.92 billion MAD, reflecting a 12.8% increase, driven by the growth in consolidated net banking income and effective control of operating expenses.
This performance resulted in an improvement of 228 basis points in the cost-to-income ratio, which now stands at 46.3%.
Investment and Risk Management
During the 2025 fiscal year, the bank invested a total of 248 million MAD, primarily focused on advancing its technological transformation and enhancing operational capabilities.
Crédit du Maroc has maintained a proactive and prudent risk management policy, with the cost of risk remaining controlled at 383 million MAD by the end of December 2025, a decrease of 3.8% compared to 2024.
The coverage ratio for non-performing loans improved to 89.5%, up 206 basis points from 2024, while the ratio of doubtful and contentious loans also improved by 38 basis points, with non-performing loans totaling 4.43 billion MAD.
Net Income and Dividend Proposal
The group's net income showed a significant increase of 16.5%, reaching 864 million MAD. This performance reflects the strong earning capacity of Crédit du Maroc, supported by growth in its operations, improved profitability, and ongoing control of expenses and risks.
The Executive Board will propose to the General Assembly the distribution of a gross dividend of 48 dirhams per share.
