Crédit du Maroc Balance Sheet

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
Cash & Equivalents	1,684	2,235	2,266	1,867	1,925	2,559
Investment Securities	4,633	4,774	5,971	6,889	6,554	5,026
Trading Asset Securities	5,861	4,544	2,367	1,367	2,240	442.44
Total Investments	10,494	9,318	8,338	8,257	8,794	5,469
Gross Loans	62,751	59,136	54,110	51,101	47,427	47,999
Allowance for Loan Losses	-	-3,705	-3,781	-3,526	-3,592	-4,060
Net Loans	62,751	55,431	50,329	47,575	43,836	43,939
Property, Plant & Equipment	1,471	1,498	1,496	1,478	1,410	1,352
Other Intangible Assets	996.9	912.37	795.98	600.9	464.32	330.81
Accrued Interest Receivable	675.84	44.55	16.19	27.27	339.49	428.15
Other Receivables	28.59	4,454	3,862	2,901	2,424	3,428
Other Current Assets	-	3.14	2.96	5.69	-	-
Long-Term Deferred Tax Assets	165.28	149.9	159.79	151.51	154.19	408.04
Other Long-Term Assets	0	5.3	-	0.17	0	0
Total Assets	78,267	74,051	67,265	62,863	59,346	57,913
Accrued Expenses	2,248	502.52	367.8	319.14	222.59	-
Interest Bearing Deposits	58,470	56,998	51,755	48,582	46,239	44,525
Total Deposits	58,470	56,998	51,755	48,582	46,239	44,525
Short-Term Borrowings	60.32	527.19	630.9	592.66	355.76	14.35
Current Portion of Long-Term Debt	-	-	0.97	-	-	-
Current Income Taxes Payable	221.63	189.01	125.1	57.98	124.42	13.05
Other Current Liabilities	-	58.2	79.86	-	-	-
Long-Term Debt	8,565	5,655	5,198	5,166	4,596	5,305
Long-Term Leases	-	76.83	62.3	90.8	117.65	121.82
Long-Term Unearned Revenue	-	-	-	-	-	1,311
Pension & Post-Retirement Benefits	-	92.98	91.44	96.95	96.05	95.75
Long-Term Deferred Tax Liabilities	1.26	5	17.89	9.31	15.3	205.53
Other Long-Term Liabilities	587.73	2,067	1,856	1,589	1,275	601.06
Total Liabilities	70,153	66,172	60,185	56,503	53,042	52,192
Common Stock	4,823	1,088	1,088	1,088	1,088	1,088
Retained Earnings	689.99	740.95	503.09	404.29	627.39	190.32
Comprehensive Income & Other	2,600	6,050	5,443	4,816	4,530	4,387
Total Common Equity	8,114	7,879	7,034	6,309	6,246	5,665
Minority Interest	-	-	45.71	50.58	58.45	56.03
Shareholders' Equity	8,114	7,879	7,080	6,359	6,304	5,721
Total Liabilities & Equity	78,267	74,051	67,265	62,863	59,346	57,913
Total Debt	8,625	6,259	5,892	5,849	5,069	5,441
Net Cash (Debt)	-1,079	3,462	2,031	1,119	2,325	-699.46
Net Cash Growth	-	70.50%	81.51%	-51.89%	-	-
Net Cash Per Share	-99.19	318.15	186.59	102.79	213.69	-64.28
Filing Date Shares Outstanding	10.88	10.88	10.88	10.88	10.88	10.88
Total Common Shares Outstanding	10.88	10.88	10.88	10.88	10.88	10.88
Book Value Per Share	745.59	724.08	646.45	579.80	573.97	520.65
Tangible Book Value	7,117	6,966	6,238	5,708	5,781	5,334
Tangible Book Value Per Share	653.98	640.23	573.30	524.57	531.30	490.25

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