Bank of Africa Income Statement

Financials in millions MAD. Fiscal year is January - December.

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	20,932	20,368	19,374	16,863	15,633
Interest Paid on Deposits	6,609	7,185	6,924	4,941	4,723
Net Interest Income	14,323	13,183	12,450	11,922	10,910
Net Interest Income Growth (YoY)	8.64%	5.89%	4.43%	9.28%	4.62%
Income From Trading Activities	833.82	726.97	193.41	-	201.08
Gain (Loss) on Sale of Assets	-	18.04	26.31	30.84	21.12
Other Non-Interest Income	5,182	4,806	4,310	3,702	3,496
Total Non-Interest Income	6,016	5,551	4,529	3,733	3,718
Non-Interest Income Growth (YoY)	8.37%	22.57%	21.33%	0.40%	2.63%
Revenues Before Loan Losses	20,339	18,735	16,979	15,655	14,628
Provision for Loan Losses	3,288	3,178	2,758	2,646	2,925
Revenue	17,051	15,557	14,221	13,009	11,703
Revenue Growth (YoY)	9.60%	9.40%	9.32%	11.15%	10.42%
Occupancy Expenses	1,072	929.47	900.26	962.17	1,048
Other Non-Interest Expense	8,234	7,788	7,948	7,319	6,905
Total Non-Interest Expense	9,149	8,577	8,706	8,139	7,869
EBT Excluding Unusual Items	7,902	6,980	5,515	4,870	3,835
Pretax Income	7,902	6,980	5,515	4,870	3,835
Income Tax Expense	2,388	2,004	1,437	1,330	985.46
Earnings From Continuing Operations	5,514	4,976	4,079	3,540	2,849
Minority Interest in Earnings	-1,701	-1,549	-1,416	-1,236	-842.16
Net Income	3,814	3,427	2,662	2,305	2,007
Net Income to Common	3,814	3,427	2,662	2,305	2,007
Net Income Growth	11.27%	28.75%	15.51%	14.82%	172.04%
Basic Shares Outstanding	220	220	220	220	220
Diluted Shares Outstanding	220	220	220	220	220
EPS (Basic)	17.31	15.56	12.09	10.46	9.11
EPS (Diluted)	17.31	15.56	12.08	10.46	9.11
EPS Growth	11.29%	28.76%	15.48%	14.85%	171.97%
Dividend Per Share	-	4.898	3.860	3.791	3.733
Dividend Growth	-	26.89%	1.82%	1.54%	-
Effective Tax Rate	30.22%	28.71%	26.05%	27.31%	25.70%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.