An RNPG of 483 million DH up 9%

Over the first quarter of the year, the banking group recorded a 5% increase in consolidated NBI to 3.6 billion dirhams.

Bank Of Africa (BOA) sees its indicators return to pre-pandemic performance. At the end of last March, its net income Group share (RNPG) showed a growth of 9% over one year to 483 million dirhams. Over the first quarter of the current year, the banking group recorded a 5% increase in consolidated net banking income to 3.6 billion dirhams, “mainly driven by the good performance of the margin on commissions and the margin of interest having +8% respectively”, indicates BOA. For their part, general operating expenses show a controlled evolution on a consolidated basis: +3% or a coefficient of 54%. In social terms, Banque SA’s net income increased by 4% to 542 million dirhams at the end of March, against 520 million a year earlier, “thus returning to pre-pandemic performance over the same period”, specifies bank. Net banking income increased by 1% to 1.9 billion dirhams, general operating expenses by +1% in social, inducing a coefficient which stabilized at 46.4% in social.

Finally, deposits from the Bank’s customers increased by 3% at the end of March, from 141.5 billion dirhams to 145 billion. Loans to customers, they go from 1% to 128 billion DH. Note that the first quarter was marked by the launch, by BOA, of the fourth edition of the “Smart Bank” territorial Open Innovation program. This is a system aimed at encouraging people with ideas and young start-ups, in collaboration with partner universities and regional investment centres. The third edition of this program made it possible to raise awareness and support nearly 13,000 young people.

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