Crédit du Maroc, a subsidiary of the French banking group Crédit Agricole, reported a net profit of 1.02 billion Moroccan dirhams (MAD) for the first half of 2026, up 19.4% compared to the same period in 2025. The bank attributed the growth to a 7.5% increase in net banking income, which reached 3.45 billion MAD.
The bank's operating expenses rose by 4.2% to 1.8 billion MAD, while the cost of risk decreased by 12.3% to 450 million MAD, reflecting improved asset quality. The net banking income growth was driven by a 6.8% increase in net interest income and a 9.2% rise in commissions.
Crédit du Maroc's total outstanding loans stood at 85.2 billion MAD as of June 30, 2026, up 4.1% year-on-year, while customer deposits increased by 5.3% to 92.7 billion MAD. The bank's solvency ratio remained strong at 13.2%, above the regulatory minimum.
The results were announced on July 28, 2026, and the bank's board of directors approved an interim dividend of 10 MAD per share, payable in September 2026.
