Crédit du Maroc closed the first half of 2025 on a high note, buoyed by strong commercial momentum and key strategic moves. The bank’s Supervisory Board, led by Mohamed Hassan Bensalah, met on July 28 and approved the financial results as of June 30, revealing a sharp improvement across the board.
Total outstanding loans reached nearly 60 billion dirhams, marking a 9.3% increase year-on-year. This growth was largely driven by business lending, which jumped by 11.4%. Equipment financing rose by 22%, real estate development loans climbed nearly 20%, and leasing operations surged by over 54%. On the consumer side, household loans rose by 4%, bolstered by a 9.8% jump in consumer credit and a 2.7% uptick in mortgage lending.
Deposits followed a similar upward path. Demand deposits rose to 41.1 billion dirhams, up 5.8%, while term deposits soared by 22% to more than 5.4 billion. Savings deposits held steady around the 10-billion-dirham mark.
The bank’s consolidated net banking income climbed to 1.775 billion dirhams, up 10.5% from the same period last year. Net interest income saw a 10.2% boost, fueled by business growth and a resilient client base. Fee income rose 4.6%, supported by the expansion of subsidiaries and specialized services like CDM Capital Bourse. Market revenues shot up by 20.1%, rounding out a robust top-line performance.
Subsidiaries made a meaningful contribution as well, adding 132 million dirhams to the overall income, a 25.9% year-on-year increase. This performance translated into a solid 17.2% gain in gross operating income, which reached 965 million dirhams. The cost-to-income ratio improved to 46%, reflecting better cost control. Investments during the period totaled 121 million dirhams, with a focus on upgrading the bank’s tech infrastructure.
Risk-related expenses remained under control at 130 million dirhams, underscoring disciplined management. The non-performing loan ratio declined to 6.6%, and coverage improved to 87.8%, marking a significant step forward in asset quality.
Group net income rose to 445 million dirhams, up nearly 14%, reinforcing the strength of the bank’s business model.
Strategically, Crédit du Maroc took a 50% stake in Nema Capital, an asset manager focused on real estate, through a partnership with Ynexis Group. The bank also launched CDM Pay, a new digital payment subsidiary authorized by Bank Al-Maghrib, aimed at providing tailored digital solutions for merchants and business clients.
