The Bank Of Africa (BOA) group announces that it closed the 2025 financial year with a general increase in its financial indicators, confirming the strength of its fundamentals and the good momentum of its activities. Consolidated net banking income (NBI) stands at $2.03 billion (20.3 billion dirhams), up 9% year-on-year.
This performance is mainly explained by a 9% increase in net interest margin, as well as a 7% increase in commissions, while market activities strongly contributed to this momentum with a growth of 20%.
In this context, operating gross profit reached $1.10 billion, a 10% increase. At the same time, group net profit (GNP) increased by 11% to $380 million, one of the main highlights of the year.
Solid performance of the bank in Morocco
At the SA bank level, performance remains strong as NBI reaches $940 million, up 13.5%, while net profit amounts to $220 million, a 15% increase.
At the same time, commercial activity remains positive, with customer loans reaching $14.9 billion, up 5.4%, while deposits amount to $16.95 billion, up 6.4%.
Furthermore, operational efficiency improves, with consolidated operating expenses standing at 45.8%, compared to 46.4% a year earlier, thanks to revenue growth exceeding that of expenses, which only increased by 7%.
In the same vein, risk costs remain controlled at $330 million, a limited 3% increase, while the ratio remains stable at 1.3%.
Contrasting commercial dynamics between Morocco and Africa
Finally, consolidated loans increase by 5%, driven by a 7% increase in loans in Morocco, while outstanding balances in Africa decline by 3% at constant scope. Customer deposits increase by 7%, supported by an 8% growth in Morocco and 4% in Africa at constant scope.
In conclusion, the 2025 financial year confirms the strength of Bank Of Africa, which shows sustained revenue growth, improved profitability, and controlled risk, despite a more contrasting evolution of its African activities.
