Stocks Market
BMCI Q1 2026 Net Profit Soars 59% Amid Strong Commercial Performance and Lower Risk Costs
BMCI recorded a 59.1 % jump in consolidated net profit for the first quarter of 2026, propelled by a stronger net interest margin and higher fee income. The bank’s liquidity and solvency ratios remain well above regulatory thresholds, while credit risk costs fell dramatically thanks to tighter collections and better loan quality. A strategic deal is on the horizon: Holmarcom Finance Company will acquire BNP Paribas’s 67 % stake in BMCI, pending regulatory approval, positioning the bank for a longer‑term partnership and a possible merger with Crédit du Maroc to create a bigger player in the Moroccan banking sector.
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Financial Highlights
In the first quarter of 2026, BMCI posted a remarkable 59.1% increase in consolidated net profit, driven by stronger interest margins and higher fee income.
Liquidity and Solvency
The bank’s financial structure remains robust. Consolidated liquidity ratio stands at 125 % (137 % for the social entity) and the capital adequacy ratio is 13.4 % (15.1 % for the social entity), both comfortably above regulatory minima.
Commercial Activity
New loan origination continued to grow, with amortizable credit disbursements rising 13 % year‑on‑year to MAD 2.575 billion. Customer loan book fell 4.7 % mainly due to short‑term transactions completed at the end of 2025. Deposits slipped 1.3 % while non‑interest‑bearing funds now represent more than 81 % of total liabilities.
Profitability
Net interest margin improved by 2.9 pts, and fee income climbed 5.2 % thanks to expanding service offerings. However, market‑trading earnings dropped 24.8 % as higher global interest rates pressured the desk.
Risk Management
Consolidated cost‑of‑risk fell 67.5 % after tighter collections and better credit quality. The coverage ratio rose to 81.54 % from 80.62 % a year earlier.
Strategic Transaction
On 29 April 2026, Holmarcom Finance Company and BNP Paribas signed an agreement for Holmarcom to acquire BNP Paribas’s 67 % stake in BMCI. Pending regulatory approval, the deal is expected to close in Q4 2026 and will pave the way for a long‑term commercial partnership, potentially linking BMCI with Crédit du Maroc to create a larger Moroccan banking player.
Related Articles
- 04 May 2026 – How Holmarcom could successfully integrate BMCI
- 29 April 2026 – BMCI acquisition: Mohamed Hassan Bensalah’s vision for an integrated financial group
- 29 April 2026 – BNP Paribas transfers its majority stake to Holmarcom Finance
- 03 April 2026 – Interview with Hicham Seffa on BMCI’s 2025 achievements