Saham Bank has reported a strong financial performance for the first quarter of 2026, with net profit rising 15% year-on-year to 1.2 billion dirhams. The growth was driven by a 12% increase in net interest income and a 20% reduction in loan loss provisions, reflecting improved asset quality.
The bank's total assets grew by 8% to 180 billion dirhams, supported by a 10% expansion in customer deposits. Loans to customers increased by 9%, particularly in the retail and SME segments.
CEO Ahmed Bencheikh commented: 'Our Q1 results demonstrate the success of our digital transformation strategy and prudent risk management. We remain confident in achieving our full-year targets.'
The bank's capital adequacy ratio stood at 14.5%, well above regulatory requirements. Non-performing loans ratio improved to 4.2% from 4.8% a year earlier.
Analysts at CFG Bank noted that Saham Bank's performance was in line with expectations, citing strong revenue diversification and cost control. The stock rose 2.3% on the Casablanca Stock Exchange following the announcement.
