The Crédit Agricole du Maroc (CAM) Group has posted extraordinary financial results through the end of September 2024, achieving impressive growth across all key performance indicators.
The group’s net income attributable to shareholders (RNPG) reached 246 million dirhams, representing a staggering 333% increase compared to the same period in 2023. Consolidated net income surged by 410% to 263 million dirhams, while standalone net income rose by 345% to 241 million dirhams.
This remarkable performance was driven by a substantial increase in net banking income (NBI), which grew by 27% year-on-year to 3.5 billion dirhams, up from 2.8 billion dirhams in 2023. On a standalone basis, NBI experienced even stronger growth, rising by 34% to 3.3 billion dirhams.
These results reflect effective management and a well-executed commercial strategy, enabling the group to capitalize on economic momentum and meet the diverse needs of its customers.
Crédit Agricole du Maroc’s stellar performance underscores its resilience and adaptability, solidifying its position as a leading player in the Moroccan banking sector.
