market transactions boost NBI in the 1st quarter

The BMCI group posted good performance in the first quarter of 2022. The bank achieved consolidated net banking income of 759 million dirhams at the end of March, up 3.8% over one year. This performance is mainly affected by the 127.4% increase in profit from market operations with a drop in the interest margin and the commission margin of -5.9% and -4.8% respectively. Consolidated loans by cash to customers reached 52.7 billion dirhams, up 2.2%. Note that the new production of depreciable loans reached 2.7 billion dirhams in the first quarter. Consolidated customer deposits, meanwhile, rose by 1.9%, to reach 43.2 billion dirhams at the end of March 2022. Note that unpaid resources represent more than 80% in the first quarter. In addition, consolidated signature commitments stood at 18 billion dirhams at the end of March 2022, an increase of 1.6% over one year.


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