Bank Of Africa (BOA) – BMCE Group’s consolidated net banking income (NBI) at the end of September 2023 rose by 11% year-on-year to MAD 12.6 billion. This performance was driven by an 18% increase in commission margin and an 8% rise in interest margin. On a social basis, the Bank in Morocco posted a 10% increase in NBI.
Earnings capacity was also strengthened. Net income, Group share (RNPG) recorded double-digit growth of 15% to reach more than MAD 2 billion at September 30, 2023, taking into account the exceptional impact of the earthquake donation. « Excluding this exceptional item, adjusted net income rose by +22% », said the Group on the occasion of the publication of its quarterly results.
