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Crédit du Maroc Net Profit Jumps 16.5% in 2025, Lending Portfolio Surges to DH 62.9bn
Crédit du Maroc announced a strong 2025 performance, with net profit attributable to shareholders climbing 16.5% to DH 864 million. The bank’s loan book expanded 11.0% to DH 62.9 billion, driven by robust corporate and retail lending, while deposits grew 7.4% to DH 61.2 billion. Improved margins, disciplined cost control and a solid risk‑management framework underpinned the results, leading to a proposed dividend of DH 48 per share. Key highlights include a 10.4% rise in net interest margin, a 12.8% increase in operating profit, and a non‑performing loan coverage ratio that improved to 89.5%. The bank invested DH 248 million in digital transformation and operational upgrades during the year.
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2025 Financial Highlights
Net profit attributable to shareholders (RNPG) increased by 16.5% YoY, reaching DH 864 million at year‑end.
Loan Portfolio Expansion
Total loans grew 11.0% to DH 62,863 million. Corporate lending climbed 12.2% to DH 37,382 million, driven by a 16.6% jump in equipment financing and developer loans.
Retail lending rose 4.8% to DH 22,284 million, with consumer credit up 11.2% and housing loans up 3.3%.
Deposits and Funding
Consolidated deposits reached DH 61,228 million, a 7.4% increase, mainly due to current‑account balances that grew 11.6% to DH 44,500 million. Savings accounts and term deposits stood at DH 10,096 million and DH 5,081 million respectively.
Revenue Generation
The consolidated net banking income rose 8.0% to DH 3,568 million. Net interest margin expanded 10.4% to DH 2,681 million, helped by commercial activity, lower funding costs and contributions from CDM Leasing & Factoring.
Fee‑based income grew 7.3% to DH 494 million, supported by the performance of subsidiaries such as CDM Patrimoine and CDM Capital Bourse, as well as growth in international trade and bancassurance.
Market‑related income amounted to DH 499 million, benefitting from foreign‑exchange trading.
Subsidiary contribution represented 28.2% of net banking income, generating DH 259 million in total revenue.
Operating Performance
EBIT (gross operating profit) reached DH 1,916 million, up 12.8%, reflecting higher net banking income and disciplined expense management.
The cost‑income ratio improved by 228 basis points to 46.3%, indicating better efficiency.
Investments and Risk Management
Capital expenditures in 2025 totaled DH 248 million, mainly for digital transformation and operational capability upgrades.
Risk cost stayed controlled at DH 383 million, down 3.8% YoY. The coverage ratio for non‑performing loans improved to 89.5%, a gain of 206 basis points, while doubtful and litigated loans fell by 38 basis points to DH 4,434 million.
Dividend Proposal
The Board will propose a gross dividend of DH 48 per share at the upcoming Annual General Meeting.