Stocks Market
Bank of Africa Posts 10% Net Profit Growth H1 2026
Bank of Africa delivered a strong first‑half 2026 performance, reporting a 10% rise in group net profit to 2.48 billion MAD, while consolidated PNB edged up 1% and customer loans and deposits each grew around 4% year‑on‑year. The bank also noted a modest decline in its standalone PNB due to weaker market‑related income.
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Bank of Africa H1 2026 Results
Bank of Africa reported a consolidated net profit attributable to the group of 2.48 billion MAD for the first half of 2026, up 10% year‑on‑year.
The consolidated net banking product (PNB) rose 1% to 10.49 billion MAD, while customer loans (excluding resales) grew 4% to 243.35 billion MAD and customer deposits (excluding repos) increased 4% to 286.51 billion MAD.
On a standalone basis, the bank's net profit reached 1.86 billion MAD, a 4% increase, though its PNB slipped 3% to 5.31 billion MAD due to lower market‑related income.
Loan growth in the social segment rose 5.6% to 157.73 billion MAD, and deposits rose 5% to 178.09 billion MAD.
- Net profit Group: 2.48 billion MAD (+10%).
- Consolidated PNB: 10.49 billion MAD (+1%).
- Customer loans (ex‑Resales): 243.35 billion MAD (+4%).
- Customer deposits (ex‑Repos): 286.51 billion MAD (+4%).