Crédit du Maroc 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	3,299	3,147	2,821	2,336	2,243
Interest Paid on Deposits	618.43	718.94	595.23	339.95	288.13
Net Interest Income	2,681	2,428	2,226	1,996	1,955
Net Interest Income Growth (YoY)	10.41%	9.09%	11.49%	2.11%	5.14%
Income From Trading Activities	487.74	487.07	343.38	263.64	199.8
Gain (Loss) on Sale of Assets	11.01	-6.14	-4.43	-15.42	-3.87
Other Non-Interest Income	399.75	388.01	357.66	308.65	305.05
Total Non-Interest Income	898.49	868.94	696.61	556.87	500.98
Non-Interest Income Growth (YoY)	3.40%	24.74%	25.09%	11.16%	-3.96%
Revenues Before Loan Losses	3,579	3,297	2,922	2,553	2,456
Provision for Loan Losses	383.11	398.41	445.29	309.94	63.51
Revenue	3,196	2,899	2,477	2,243	2,393
Revenue Growth (YoY)	10.27%	17.01%	10.43%	-6.24%	44.17%
Occupancy Expenses	292.93	259.7	232.91	190.27	178.15
Selling, General & Administrative	10.6	3.47	6.1	19.21	13.56
Other Non-Interest Expense	1,349	1,342	1,360	1,291	1,143
Total Non-Interest Expense	1,652	1,605	1,599	1,500	1,335
EBT Excluding Unusual Items	1,544	1,294	878.31	743.21	1,058
Pretax Income	1,544	1,294	878.31	743.21	1,058
Income Tax Expense	680.27	552.59	380.08	345.11	426.26
Earnings From Continuing Operations	863.55	740.95	498.23	398.1	631.36
Minority Interest in Earnings	-	-	4.86	6.19	-3.97
Net Income	863.55	740.95	503.09	404.29	627.39
Net Income to Common	863.55	740.95	503.09	404.29	627.39
Net Income Growth	16.55%	47.28%	24.44%	-35.56%	229.66%
Basic Shares Outstanding	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11
Shares Change (YoY)	-0.00%	-0.00%	-0.00%	0.02%	-0.01%
EPS (Basic)	79.36	68.09	46.23	37.15	57.66
EPS (Diluted)	79.36	68.09	46.23	37.15	57.66
EPS Growth	16.55%	47.28%	24.44%	-35.57%	229.67%
Dividend Per Share	48.000	41.700	34.200	27.000	25.900
Dividend Growth	15.11%	21.93%	26.67%	4.25%	469.23%
Effective Tax Rate	44.06%	42.72%	43.27%	46.43%	40.30%

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