The consolidated gross operating income of BMCI amounts to 741 MDH, marking an increase of 26.6% compared to the same period last year. This performance is particularly strong at the level of social accountswhere gross operating income increased by 45.4% and social net income stood at MAD 262 million, an increase of 22.1% compared to June 2023.
The consolidated cost of risk experienced an increase of 62.8% while the rate debt coverage by the provisions on the social accounts stands at 80.18%.
Despite an increase in Net Banking Product (NBI) consolidated at 1.89 billion dirhams, up 11.4%, BMCI recorded a 2% drop in its consolidated profit before taxto 360 MDH, as well as a 2.6% reduction in its consolidated net incomewhich stands at 212 MDH. This is therefore a pressure on profitability, despite an increase in the interest margin of 9.6% and a positive performance of market operations, up 21.4%.
On the commercial level, BMCI experienced a contraction in its customer loans, which reached 56.07 billion dirhams (billion dirhams), a drop of 4.7% compared to the end of 2023. Customer deposits also decreased by 3.9 %, amounting to MAD 45.62 billion. Note that unpaid resources represent 76.4% of deposits at the end of June 2024.
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