By the end of September 2024, Maghrebail’s net book outstandings reached 11.925 billion dirhams, reflecting a robust growth of 17% compared to the same period in 2023. This performance underscores the company’s solid operational base and its strong market share of 23.7%. The portfolio is divided between equipment financing, which accounts for 64%, and real estate financing at 36%.
During the third quarter of 2024, Maghrebail’s production amounted to 2.394 billion dirhams, marking a notable increase from the previous year. Equipment financing acquisitions reached 2.067 billion dirhams, up by 5% compared to September 2023. Similarly, real estate leasing grew from 346 million dirhams in 2023 to 376 million dirhams in 2024.
The company reported revenue of 3.051 billion dirhams over the period, a significant 7% increase compared to September 2023. This growth reflects Maghrebail’s effective asset management and the rising demand for its financing solutions.
Maghrebail’s total debt stood at 10.795 billion dirhams, a 14% rise from 2023. This figure comprises bank loans, which account for 72% of the total with 7.740 billion dirhams, and financing company bonds (BSF), which saw a 20% growth to reach 3.054 billion dirhams.
The company’s net banking income (NBI) climbed 14.5% to 296 million dirhams by the end of September 2024, showcasing enhanced profitability from its financial operations. Additionally, Maghrebail’s provision coverage rate for non-performing loans reached 86%, demonstrating the company’s resilience against credit risks.
