The Groupe BCP, a major banking group in Morocco, has reported a consolidated net result of 3.8 billion dirhams for the first half of 2026, representing an increase of 8.7% compared to the same period last year. The group's net result attributable to shareholders also rose by 10.4% to 3.2 billion dirhams. This performance was achieved in a context of national economic growth and international uncertainty.
The group's consolidated resources improved by 9% to 429.5 billion dirhams, with a significant increase in deposits. The gross loans to customers also grew by 5.7% to 337.5 billion dirhams. The core banking business of the group continued to expand, with a 5.9% increase in net interest income and a 9.1% rise in commission income.
However, the group's net banking income decreased by 3.2% due to a return to a normal level of market activity results after an exceptional year in 2025. The general expenses of the group increased by 6.2% to 6 billion dirhams, mainly due to the integration of the subsidiary AMIFA into the consolidation scope. At constant scope, the growth in general expenses was limited to 3.6%.
The group's operating efficiency was reflected in an operating coefficient of 44.7%. In Morocco, the group's banking activity showed performances in line with the group's dynamics. The deposits collected by the bank in Morocco increased by 6.5% to 336.2 billion dirhams, driven by the good performance of the resident individuals and Moroccans in the world segments.
The group's credit activity also showed a favorable trend, with an outstanding amount exceeding 248 billion dirhams, up by 7.9% over one year. This growth was mainly driven by the financing granted to different segments of corporate clients. The core banking business of the bank in Morocco improved by 3%, benefiting from the growth in the average outstanding amount of credits and the distribution of high-value-added products and services.
The group's subsidiaries continued to contribute to its growth, with international subsidiaries accounting for 21% of the consolidated net banking income. The subsidiaries operating in Morocco represented 13% of the consolidated net banking income, with good performances recorded by Maroc Leasing, Bank Al Yousr, M2T, and BCP2S.
The first half of 2026 was also marked by a significant improvement in the group's risk indicators, with a 60% decrease in the cost of risk to 1.1 billion dirhams. The group's prudential framework remains robust, with a support fund dedicated to the cooperative model of the group amounting to 4.4 billion dirhams and a provision for general risks of 6.6 billion dirhams.
Key points
- Groupe BCP's consolidated net result increases by 8.7% to 3.8 billion dirhams in the first half of 2026.
- The group's core banking business continues to grow, with a 5.9% increase in net interest income and a 9.1% rise in commission income.
- The group's risk indicators improve significantly, with a 60% decrease in the cost of risk to 1.1 billion dirhams.
