Bank of Africa Income Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	20,990	20,368	19,374	16,863	15,633	15,710
Interest Paid on Deposits	6,762	7,185	6,924	4,941	4,723	5,281
Net Interest Income	14,228	13,183	12,450	11,922	10,910	10,428
Net Interest Income Growth (YoY)	11.58%	5.89%	4.43%	9.28%	4.62%	5.19%
Income From Trading Activities	1,080	726.97	193.41	-	201.08	310.36
Gain (Loss) on Sale of Assets	18.04	18.04	26.31	30.84	21.12	49.41
Other Non-Interest Income	4,635	4,806	4,310	3,702	3,496	3,263
Total Non-Interest Income	5,733	5,551	4,529	3,733	3,718	3,623
Non-Interest Income Growth (YoY)	0.94%	22.57%	21.33%	0.40%	2.63%	-8.40%
Revenues Before Loan Losses	19,962	18,735	16,979	15,655	14,628	14,051
Provision for Loan Losses	3,341	3,178	2,758	2,646	2,925	3,452
Revenue	16,620	15,557	14,221	13,009	11,703	10,599
Revenue Growth (YoY)	9.09%	9.40%	9.32%	11.15%	10.42%	-9.20%
Occupancy Expenses	1,002	929.47	900.26	962.17	1,048	954.34
Other Non-Interest Expense	7,978	7,788	7,948	7,319	6,905	7,827
Total Non-Interest Expense	8,861	8,577	8,706	8,139	7,869	8,722
EBT Excluding Unusual Items	7,759	6,980	5,515	4,870	3,835	1,877
Pretax Income	7,759	6,980	5,515	4,870	3,835	1,877
Income Tax Expense	2,374	2,004	1,437	1,330	985.46	513.53
Earnings From Continuing Operations	5,385	4,976	4,079	3,540	2,849	1,364
Minority Interest in Earnings	-1,635	-1,549	-1,416	-1,236	-842.16	-625.99
Net Income	3,750	3,427	2,662	2,305	2,007	737.83
Net Income to Common	3,750	3,427	2,662	2,305	2,007	737.83
Net Income Growth	12.98%	28.75%	15.51%	14.82%	172.04%	-61.60%
Basic Shares Outstanding	220	220	220	220	220	220
Diluted Shares Outstanding	220	220	220	220	220	220
Shares Change (YoY)	-	-	-	-	-	2.90%
EPS (Basic)	17.02	15.56	12.09	10.46	9.11	3.35
EPS (Diluted)	17.02	15.56	12.08	10.46	9.11	3.35
EPS Growth	12.99%	28.76%	15.48%	14.85%	171.97%	-62.68%
Dividend Per Share	-	4.898	3.860	3.791	3.733	-
Dividend Growth	-	26.89%	1.82%	1.54%	-	-
Effective Tax Rate	30.60%	28.71%	26.05%	27.31%	25.70%	27.35%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.