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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	1,652	2,841	2,235	2,266	1,867	1,925
Investment Securities	5,724	7,688	4,774	5,971	6,889	6,554
Trading Asset Securities	5,590	5,734	4,544	2,367	1,367	2,240
Total Investments	11,314	13,422	9,318	8,338	8,257	8,794
Gross Loans	66,057	64,246	59,136	54,110	51,101	47,427
Allowance for Loan Losses	-	-3,973	-3,705	-3,781	-3,526	-3,592
Net Loans	66,057	60,273	55,431	50,329	47,575	43,836
Property, Plant & Equipment	1,464	1,482	1,498	1,496	1,478	1,410
Other Intangible Assets	1,058	1,022	912.37	795.98	600.9	464.32
Accrued Interest Receivable	915.32	24.26	44.55	16.19	27.27	339.49
Other Receivables	11.7	4,267	4,454	3,862	2,901	2,424
Other Current Assets	-	2.06	3.14	2.96	5.69	-
Long-Term Deferred Tax Assets	91.01	176.01	149.9	159.79	151.51	154.19
Other Long-Term Assets	0	218.51	5.3	-	0.17	0
Total Assets	82,562	83,728	74,051	67,265	62,863	59,346
Accrued Expenses	2,619	536.36	502.52	367.8	319.14	222.59
Interest Bearing Deposits	62,633	61,228	56,998	51,755	48,582	46,239
Total Deposits	62,633	61,228	56,998	51,755	48,582	46,239
Short-Term Borrowings	75.06	3,369	527.19	630.9	592.66	355.76
Current Portion of Long-Term Debt	-	-	-	0.97	-	-
Current Income Taxes Payable	75.39	193.72	189.01	125.1	57.98	124.42
Other Current Liabilities	-	15.02	58.2	79.86	-	-
Long-Term Debt	8,077	7,565	5,655	5,198	5,166	4,596
Long-Term Leases	-	93.61	76.83	62.3	90.8	117.65
Pension & Post-Retirement Benefits	-	92.75	92.98	91.44	96.95	96.05
Long-Term Deferred Tax Liabilities	1.35	1.28	5	17.89	9.31	15.3
Other Long-Term Liabilities	586.01	2,429	2,067	1,856	1,589	1,275
Total Liabilities	74,068	75,525	66,172	60,185	56,503	53,042
Common Stock	4,751	1,088	1,088	1,088	1,088	1,088
Retained Earnings	271.85	863.55	740.95	503.09	404.29	627.39
Comprehensive Income & Other	3,471	6,251	6,050	5,443	4,816	4,530
Total Common Equity	8,494	8,203	7,879	7,034	6,309	6,246
Minority Interest	-	-	-	45.71	50.58	58.45
Shareholders' Equity	8,494	8,203	7,879	7,080	6,359	6,304
Total Liabilities & Equity	82,562	83,728	74,051	67,265	62,863	59,346
Total Debt	8,152	11,029	6,259	5,892	5,849	5,069
Net Cash (Debt)	-910.98	433.42	3,462	2,031	1,119	2,325
Net Cash Growth	-	-87.48%	70.50%	81.51%	-51.89%	-
Net Cash Per Share	-83.72	39.83	318.15	186.59	102.79	213.69
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	780.50	753.87	724.08	646.45	579.80	573.97
Tangible Book Value	7,436	7,181	6,966	6,238	5,708	5,781
Tangible Book Value Per Share	683.31	659.91	640.23	573.30	524.57	531.30

Source: S&P Global Market Intelligence. Banks template. Financial Sources.