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BCP’s 2025 Net Profit Jumps 8.6% as Core Banking Revenue Climbs 5.4%
Banque Centrale Populaire (BCP) reported solid growth for 2025, with consolidated net profit up 13.2% to MAD 5.6 bn and the Group‑share of net profit rising 8.6% to MAD 4.5 bn. The bank’s core banking business drove a 5.4% increase in net banking income to MAD 27 bn, while operating efficiency improved, bringing the cost‑to‑income ratio down to 44.6%. Domestic deposit collection grew 4.6% to MAD 327.8 bn and credit exposure rose 1.1% to MAD 237.5 bn, supported by strong corporate lending. International subsidiaries contributed roughly 45% of total net banking income, and the risk cost fell 13.5% to MAD 5.4 bn. Digital adoption kept pace, with 2.8 million customers using the Pocket Bank platform.
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Key Financial Highlights for 2025
Banque Centrale Populaire (BCP) delivered a robust performance in 2025. Consolidated net profit rose 13.2% to MAD 5.6 bn, while the Group‑share of net profit increased 8.6% to MAD 4.5 bn. Net banking income (PNB) grew 5.4% to MAD 27 bn, driven by a 6.1% rise in core banking margins (interest and commission) to MAD 19.9 bn and a 3% improvement in market‑related results to MAD 6.1 bn. Operating expenses were kept in check, growing only 4.2% to MAD 12 bn, which translated into a cost‑to‑income ratio of 44.6% – a 0.5‑point decrease from the end of 2024.
Domestic Banking Business
In Morocco, deposit collection increased 4.6% to MAD 327.8 bn, supported by strong activity across retail, expatriate and corporate segments. Non‑interest‑bearing deposits represented 79.2% of total deposits at year‑end. Credit portfolio expanded 1.1% to MAD 237.5 bn, led by corporate equipment financing, with an additional MAD 10 bn issued during the year.
PNB for the Moroccan bank rose 7.5% to MAD 17.5 bn, thanks to a 5.3% improvement in interest margin and an 8.3% uplift in market‑related income.
International Subsidiaries and Diversification
International subsidiaries contributed 24.6% of the consolidated PNB, reflecting the integration of AMIFA and a stabilization of aggregated revenues. Moroccan specialty finance and investment banking subsidiaries added another 19.9% of PNB, highlighting the importance of the core banking business beyond traditional retail banking.
Risk Management and Cost of Risk
The cost of risk fell dramatically by 13.5% to MAD 5.4 bn, underscoring the effectiveness of the Group’s collection efforts. The cooperative support fund grew 11.3% to MAD 4.4 bn, and the general provisions for risk increased to MAD 7.9 bn from MAD 6.1 bn a year earlier, reinforcing the bank’s capital resilience.
Digital Progress
BCP continued to expand its digital footprint. The Pocket Bank platform now serves 2.8 million customers, with total connections reaching approximately 208.6 million.
Outlook
With a solid balance sheet, diversified revenue streams, and a clear focus on digitalisation, BCP remains well‑positioned to capture growth opportunities in Morocco’s dynamic economy and navigate the ongoing uncertainties in global markets.