Bank of Africa reached a major milestone in the first half of 2025, with its consolidated net banking income surpassing 10 billion dirhams for the first time. As of June 30, the group posted a net banking income of 10.5 billion dirhams, marking a 10% year-on-year increase. On a standalone basis, growth was even more pronounced, jumping 20% to 5.5 billion dirhams. These figures reflect the bank’s strong financial foundation and its effective control over growth drivers.
Commercial momentum continued across key indicators. Customer deposits, excluding repos, rose 4% on a standalone basis to reach 168 billion dirhams. At the consolidated level, deposits stood at 261 billion dirhams, up 2% from the previous year. On the lending side, loans excluding repurchase agreements grew by 4% to 132 billion dirhams on a standalone basis. Consolidated outstanding loans totaled 206.6 billion dirhams, representing a 1% increase.
During the semester, Bank of Africa successfully completed a 1 billion dirham perpetual bond issuance, designed with a loss-absorption and coupon-suspension mechanism. The offering was met with overwhelming demand, achieving a subscription rate of 10.63 times, a clear signal of investor confidence in the group’s financial health.
Recognition also followed on the awards circuit. At the 2025 Euromoney Awards for Excellence, the bank won two prestigious accolades: “Best Bank in Morocco” and “Best Bank for SMEs.” These honors highlight the effectiveness of BOA’s business model and its deep commitment to supporting small and medium enterprises.
Internationally, Bank of Africa continued to strengthen its position through a series of certifications. It became the first bank in Morocco to receive ISO 9001:2015 certification for its Global Transaction Banking operations, covering cash management, trade finance, and digital solutions. The certification, granted by Bureau Veritas, recognizes the high standards of its GTB-CIB by BOA brand.
Additionally, the bank successfully renewed its ISO 37001:2025 certification for its Anti-Bribery Management System, underscoring its ongoing dedication to ethics, compliance, and transparency.
In a move to support talent and foster regional connectivity, Bank of Africa also announced a partnership with the “Morocco’s 40 under 40” initiative. This program aims to spotlight Moroccan diaspora talent and build stronger economic links between Morocco and the wider African continent.
