Crédit du Maroc: Net income surges 16.5% at year-end 2025

Crédit du Maroc has delivered a robust set of financial results for the fiscal year ending December 2025, underscoring a period of significant commercial momentum and strategic consolidation. The institution has demonstrated an unwavering commitment to the Moroccan economy, evidenced by a substantial 11.0% expansion in its total credit portfolio, which reached 62,863 MDH. This growth was particularly pronounced in the corporate sector, where financing surged by 12.2% to 37,382 MDH. This uptick was largely catalyzed by a vigorous demand for equipment loans and real estate development financing, both of which registered an impressive 16.6% increase, signaling high levels of capital expenditure and confidence within the national industrial fabric. In tandem with its corporate outreach, the bank maintained a steady trajectory in the retail segment. Household financing grew by 4.8% to 22,284 MDH, a performance underpinned by a 11.2% rise in consumer credit and a more measured 3.3% increase in mortgages. On the liability side of the balance sheet, consolidated resources climbed 7.4% to 61,228 MDH. The composition of these resources remains highly favorable; demand deposits, a key indicator of liquidity and customer loyalty, rose by 11.6% to 44,500 MDH. Meanwhile, savings accounts and term deposits contributed 10,096 MDH and 5,081 MDH, respectively, providing a stable and diversified funding base for the bank’s lending activities. The group’s financial health is further reflected in its top-line performance, with consolidated net banking income rising 8.0% to 3,568 MDH. This revenue growth was broad-based, though specifically bolstered by a 10.4% increase in the net interest margin, which stood at 2,681 MDH. This expansion benefited from optimized funding costs and the growing contribution of specialized subsidiaries, notably Crédit du Maroc Leasing and Factoring. Furthermore, fee and commission income rose by 7.3% to 494 MDH, driven by the bank's wealth management and brokerage arms, while market operations capitalized on foreign exchange volatility to contribute 499 MDH. The increasingly critical role of subsidiaries was highlighted by a 28.2% jump in their collective contribution to the group’s revenue. Operational efficiency remains a cornerstone of the bank's strategy. Gross operating income grew by 12.8% to 1,916 MDH, as the bank successfully balanced revenue growth with disciplined cost management. This resulted in a notable 228-basis-point improvement in the cost-to-income ratio, which now stands at a lean 46.3%. This efficiency has allowed the bank to sustain its capital expenditure program, investing 248 MDH during 2025 toward technological transformation and the enhancement of operational resilience. Crédit du Maroc’s bottom-line performance was further reinforced by a prudent risk management framework. The cost of risk declined by 3.8% to 383 MDH, while the non-performing loan coverage ratio improved to 89.5%. Consequently, the group’s net income share rose by 16.5% to 864 MDH, reflecting a high degree of fundamental profitability. In light of these results, the Management Board will propose a gross dividend of 48 dirhams per share, rewarding shareholders for the bank's sustained value creation and financial stability.