Economic Performance and BCP's Commitment
Throughout 2025, Morocco's economy demonstrated strong performance, buoyed by vibrant non-agricultural activities and significant infrastructure projects, alongside a notable recovery in agricultural output due to improved rainfall.
Despite ongoing international uncertainties stemming from trade tensions and geopolitical conflicts, Groupe Banque Centrale Populaire remained steadfast in its commitment to customer service, both domestically and across its international operations.
Financial Highlights for 2025
The consolidated resources of Groupe BCP rose by 5.9% to reach 411.9 billion Dirhams, reflecting an increase of 22.9 billion Dirhams in total deposits.
Gross customer loans grew by 3.1%, amounting to 329.9 billion Dirhams, while the consolidated Net Banking Income (NBI) increased by 5.4% to 27 billion Dirhams.
This growth was supported by a 6.1% rise in core banking activities, which reached 19.9 billion Dirhams, and a 3% increase in market activity results, totaling 6.1 billion Dirhams.
On a constant perimeter basis, the NBI showed a growth of 4.4%. Meanwhile, the Group's operating expenses rose by 4.2% to 12 billion Dirhams, with a controlled increase of 2.1% on a constant perimeter.
Net Income Growth and Efficiency Metrics
The operating ratio improved to 44.6%, down by 0.5 percentage points compared to the end of 2024. As a result of these achievements, the consolidated net income of Groupe BCP surged by 13.2% to 5.6 billion Dirhams, while the Group's share of net income rose by 8.6% to 4.5 billion Dirhams, aligning with the Group's performance objectives.
Deposit Collection and Loan Growth in Morocco
By the end of 2025, the deposit collection activity within BCP in Morocco improved by 4.6%, reaching 327.8 billion Dirhams, driven by strong dynamics across all segments, including resident individuals, Moroccans abroad, and businesses.
The bank continued to optimize its resource structure, with non-interest-bearing deposits accounting for 79.2% of total deposits at the end of 2025, up from 77.9% in 2024.
Simultaneously, loans increased by 1.1% to 237.5 billion Dirhams, primarily supported by the corporate segment, particularly in equipment financing, which saw an additional 10 billion Dirhams over the year.
Net Banking Income and Digital Innovations
The Net Banking Income for BCP in Morocco rose by 7.5% to 17.5 billion Dirhams by the end of 2025, benefiting from a 5.3% improvement in the interest margin and an 8.3% increase in market activity results.
In addition, Groupe BCP continued to innovate and equip its clients with digital tools, with the number of customers using Pocket Bank reaching 2.8 million, resulting in approximately 208.6 million total connections.
Performance of International Subsidiaries
In 2025, BCP's subsidiaries both in Morocco and internationally continued to contribute significantly to the consolidated Net Banking Income, reflecting the Group's diversification strategy.
Specifically, the contribution from international subsidiaries accounted for 24.6% of the consolidated Net Banking Income, factoring in the integration of AMIFA into the consolidation perimeter and a stabilization of their aggregated revenues.
Additionally, the contribution from domestic subsidiaries reached 19.9%, bolstered by core banking activities, particularly in specialized financing companies and investment banking.
Reduction in Risk Costs
By the end of 2025, the cost of risk decreased by 13.5% to 5.4 billion Dirhams, reflecting the Group's ongoing efforts in effective debt recovery.
Furthermore, in line with its proactive risk management approach, the Group maintained various financial levers, including a specific support fund for its cooperative model, which grew by 11.3% year-on-year to reach 4.4 billion Dirhams.
The General Risk Provision stood at 7.9 billion Dirhams, up from 6.1 billion Dirhams a year earlier, thereby enhancing the bank's financial robustness.
