Crédit du Maroc, a subsidiary of the French banking group Crédit Agricole, reported a net profit of MAD 210 million for the first quarter of 2026, a 37.2% increase compared to the same period in 2025. The bank attributed the growth to higher net interest income and a reduction in provisioning costs.
Net banking income rose 8.5% to MAD 1.2 billion, driven by a 12% increase in net interest income. Operating expenses were well controlled, increasing by only 3.2%, which improved the cost-to-income ratio to 42.5% from 44.1% a year earlier.
The bank's loan portfolio grew by 6.8% year-on-year, reaching MAD 45 billion, while deposits increased by 7.2% to MAD 52 billion. Non-performing loans remained stable at 4.5% of gross loans, with a coverage ratio of 72%.
Crédit du Maroc's CEO, Mohamed El Kettani, stated: 'These results reflect the success of our digital transformation strategy and our commitment to supporting the Moroccan economy. We remain focused on sustainable growth and customer satisfaction.'
