Saham Bank has announced its financial results for the first half of 2026, showcasing a significant increase in its consolidated net banking income (PNB) and net profit. The bank's PNB reached 3.36 billion dirhams, up 8.5% from the same period last year. Its net profit attributable to the group (RNPG) stood at 927 million dirhams, representing a 15.5% increase. This growth is attributed to the bank's diversified business lines and its strategic focus on supporting small and medium-sized enterprises (SMEs) and the transition to renewable energy.
The bank's performance was driven by a 6.5% increase in interest income, which reached 2.13 billion dirhams. Commissions also rose by 12.9% to 962 million dirhams, reflecting the bank's efforts to enhance its value-added services. Additionally, the bank's market operations result stood at 131 million dirhams, up 4.8% in a challenging interest rate environment. The bank's social performance was also notable, with a 10.3% increase in its PNB, driven by an 8.1% growth in customer loans and a 4.4% rise in customer deposits.
Saham Bank has reaffirmed its commitment to supporting SMEs, which are crucial to Morocco's economic growth. The bank has introduced several initiatives to enhance its services for SMEs, including a revamped onboarding process that allows for account opening within 30 minutes and immediate access to banking services. The bank has also launched a mobile application, MyBusiness, and a dedicated customer center with a phone channel, providing SMEs with a seamless and user-friendly experience.
As part of its sustainability efforts, Saham Bank has launched the @GreenbySahamBank initiative, which aims to support SMEs in their transition to renewable energy and decarbonization. The bank offers concrete solutions to enhance the competitiveness of its clients, particularly those involved in international trade. This initiative has been recognized internationally, with Saham Bank being awarded the "Most Sustainable Bank – Morocco 2026" by World Finance Banking Awards.
Saham Bank's commitment to sustainability is also reflected in its Environmental, Social, and Governance (ESG) strategy. The bank has implemented a comprehensive ESG framework that covers governance, financing, risk management, and impact measurement. This strategy is aligned with the bank's goal of making finance a lever for positive transformation and impact on the economy, businesses, and territories.
The bank's financial and prudential position remains solid, with a solvency ratio of 14.10% and a CET1 ratio of 13.72% as of June 30, 2026. These ratios are above the regulatory requirements, demonstrating the bank's ability to support the financing of the economy and its clients' development while maintaining prudent risk management.
Looking ahead, Saham Bank is confident about its growth prospects and aims to maintain its momentum in the second half of 2026. The bank plans to accelerate its investments in innovation and digitalization, enhance customer experience, and consolidate its strategic positioning and operational efficiency. With its strong performance and commitment to sustainability, Saham Bank is well-positioned to continue playing a vital role in Morocco's economic transformation.
Key points
- Saham Bank's H1 2026 performance was marked by an 8.5% increase in consolidated net banking income and a 15.5% rise in net profit.
- The bank has introduced several initiatives to support SMEs, including a revamped onboarding process and a mobile application, MyBusiness.
- Saham Bank has been recognized for its sustainability efforts, being awarded the "Most Sustainable Bank – Morocco 2026" by World Finance Banking Awards.
