Crédit Agricole du Maroc has reported a net profit of 112 million dirhams (MDH) for the first half of 2026, representing a 1% increase compared to the same period last year. The bank's consolidated net profit stood at 141 MDH, up 2%. According to a statement released by the bank, the results were reviewed by the board of directors on September 21, 2026, chaired by Mohammed Fikrat.
The bank's net banking income (NBI) reached 2 billion dirhams (MMDH) as of June 30, 2026, down from 2.6 MMDH in the same period last year. On a standalone basis, the NBI stood at 1.9 MMDH. The decline in NBI reflects the unfavorable impact of the international context and interest rate environment on market activities. Despite this, the bank reported a good dynamic in its commercial activity.
The bank's commercial activity was driven by a double-digit growth in commercial margin and commission margin. As of June 30, 2026, the bank's outstanding loans reached 136 MMDH, up 20% year-on-year. This growth confirms the bank's continued commitment to financing various sectors of the economy, with a focus on agriculture and socio-economic development.
The bank's customer resources stood at 129 MMDH, up 7% year-on-year. The growth was driven by a positive dynamic in current account deposits, which rose 8%. This helped optimize the cost of resources and improve the structure of the bank's deposits. The bank's efforts to mobilize resources and support economic development are ongoing.
The results for the first half of 2026 reflect the bank's resilience in a challenging international environment. The bank's management has continued to implement its strategy to support the economy and improve its financial performance. The board of directors reviewed the bank's activity and financial statements at its meeting on September 21, 2026.
Crédit Agricole du Maroc's performance in the first half of 2026 demonstrates its ability to navigate a complex economic landscape. The bank's focus on agriculture and socio-economic development is in line with its mission to support the Moroccan economy. The bank's financial statements for the first half of 2026 provide a comprehensive overview of its activities and financial position.
Looking ahead, Crédit Agricole du Maroc is expected to continue its efforts to support the Moroccan economy and improve its financial performance. The bank's strategy is focused on sustainable growth and development, with a commitment to financing various sectors of the economy. The bank's results for the first half of 2026 provide a solid foundation for future growth and development.
Key points
- Crédit Agricole du Maroc reports 112 MDH net profit for first half of 2026
- Bank's net banking income declines to 2 billion dirhams as of June 30, 2026
- Bank's outstanding loans grow 20% to 136 MMDH as of June 30, 2026
