Crédit du Maroc has started 2026 on a strong note, with profits rising sharply in the first three months of the year, helped by more lending and solid deposit growth.
The bank made a net profit of 272 million dirhams between January and March, up 37.2% compared with the same period last year, according to figures reviewed on 14 May by its supervisory board chaired by Mohamed Hassan Bensalah.
Lending activity continued to grow across the board. Total loans reached 60.5 billion dirhams, up 6.7% year on year.
Business loans were the main driver, rising 8.2% to 37 billion dirhams, supported by leasing, property development finance and equipment loans. Loans to households also went up 4.1% to 22.4 billion dirhams, with consumer credit jumping 10.5% and home loans up 2.6%.
Customer deposits also increased, reaching 62.6 billion dirhams, a rise of 9.8%. The biggest contribution came from current accounts, which grew 14.8%.
The bank’s income from core activities rose to 928 million dirhams, up 4.2%. Interest income increased 12.7% to 739 million dirhams, helped by stronger activity and better control of funding costs, along with support from its leasing and factoring business. Fees and commissions also rose 7% to 143 million dirhams.
Operating profit reached 509 million dirhams, up 6.4%, while the cost-to-income ratio improved to 45.1%, showing tighter control of spending. The bank also invested 50 million dirhams in the quarter, mainly to support its digital and technology upgrades.
On risk, the bank recorded a net gain of 69 million dirhams, compared with a loss a year earlier. Bad loans stood at 4.55 billion dirhams, with the non-performing loan ratio stable at 7.1% and coverage at 85.1%.
The bank ended the quarter with a solvency ratio of 14%, comfortably above the regulatory minimum of 12%.
