Crédit du Maroc, a subsidiary of French banking group Crédit Agricole, reported a 19.4% increase in net profit for the first half of 2026, according to its financial results released on July 28, 2026. The bank attributed this performance to strong growth in its commercial activity, effective cost management, and rigorous risk control.
Loan activity continued to accelerate, with outstanding loans rising by 8.2% compared to the same period in 2025, reaching 62.3 billion Moroccan dirhams (approximately $6.2 billion). Deposits also grew, increasing by 6.5% to 74.1 billion dirhams, reflecting customer confidence in the bank's services.
The bank's net banking income (NBI) rose by 7.8% to 3.2 billion dirhams, supported by higher interest margins and fee income. Operating expenses were kept under control, with a cost-to-income ratio improving to 48.3% from 50.1% a year earlier.
Crédit du Maroc's non-performing loan ratio remained stable at 5.2%, indicating effective risk management. The bank's solvency ratio stood at 14.5%, well above the regulatory minimum of 12%, ensuring a solid capital base.
Looking ahead, the bank expects continued growth in the second half of 2026, driven by Morocco's economic recovery and increased demand for credit in key sectors such as real estate, tourism, and manufacturing.
