Revenue by Segment

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2018	FY 2016	FY 2015
Period Ending	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	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Jan '18 Jan 1, 2018	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Asset Management and Merchant Banking	457.48M	388.76M	345.91M	362.15M	333.00M
Asset Management and Merchant Banking Growth	17.68%	12.39%	-4.48%	8.75%	-8.20%
Banking in Morocco	7.96B	6.41B	6.18B	6.22B	5.87B
Banking in Morocco Growth	24.09%	3.75%	-0.61%	5.99%	-1.39%
International Activities	9.38B	9.29B	8.23B	7.24B	6.97B
International Activities Growth	0.94%	12.86%	13.71%	3.80%	3.97%
Other Activities	222.72M	252.12M	163.38M	144.47M	125.53M
Other Activities Growth	-11.66%	54.32%	13.09%	15.09%	8.23%
Specialized Financial Services	699.47M	607.26M	700.56M	640.69M	700.51M
Specialized Financial Services Growth	15.18%	-13.32%	9.34%	-8.54%	-3.07%
Total	18.72B	16.95B	15.62B	14.61B	14.00B
Total Growth	10.40%	8.50%	6.96%	4.32%	1.02%

Source: S&P Global Market Intelligence.