Rédaction Africa Links 24 with alm
Published on 2024-04-01 17:00:21
The consolidated net profit of BMCI stood at 171 million dirhams (MDH) at the end of December 2023, a decrease of 7.5% compared to the end of December 2022.
At the social accounts level, the net profit amounts to 194 MDH, a decrease of 20.6% compared to December 2022, as stated by BMCI in a financial statement, explaining this decline by the tax charge following the conclusion of a tax audit covering the years 2019 to 2022.
By the end of the year 2023, the consolidated customer loans reached 58.9 billion dirhams (MMDH), compared to 54.5 MMDH at the end of December 2022, representing an 8% increase.
Consolidated customer deposits, on the other hand, increased by 7.2% to reach 47.5 MMDH, compared to 44.3 MMDH in 2022. Non-interest-bearing resources represent 75.7% at the end of December 2023.
Thus, BMCI Group shows a consolidated net banking income of 3.44 MMDH at the end of December 2023, an increase of 12.6% compared to the end of December 2022, mainly due to the increase in market operations income and interest margin by +58.7% and +5.9% respectively.
At the social accounts level, the net banking income amounts to 3.20 MMDH, an increase of 8.9% compared to the end of December 2022.
By the end of December 2023, the consolidated management expenses amount to 2.19 MMDH. Additionally, the consolidated operating ratio stands at 63.7% at the end of December 2023, a decrease compared to December 2022.
Therefore, the consolidated operating profit amounts to 1.25 MMDH at the end of December 2023, representing a 27% increase compared to the end of December 2022. At the social level, it shows an increase of 45.3% compared to the end of December 2022.
As for the consolidated risk cost, it increased by 12.8% at the end of December 2023 compared to the end of December 2022, reflecting a prudent provisioning policy. The coverage rate of receivables by provisions in the social accounts stands at 80.75%.
On the other hand, the consolidated profit before taxes amounts to 613 MDH at the end of December 2023, an increase of 46.8% compared to the end of December 2022. At the social level, the profit before taxes shows an increase of 39.8% compared to the end of December 2022.
Read the original article(French) on Aujourdhui.ma
