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Moroccan Banks Boost Profitability in 2025: Credit Growth, Lower Risk Cost and Digital Shift
The 22nd annual banking supervision report released by Bank Al‑Maghrib shows that Moroccan banks posted a double‑digit jump in net profit in 2025, reaching 24.7 billion dirhams. The surge was driven by a 6.5 % rise in credit, a 7.6 % increase in deposits, and a 25 % reduction in the cost of risk. The sector also continued its digital transformation, trimming its branch network while expanding ATMs and payment agents. Overall, the banking system remains well‑capitalized and liquid, though the central bank urges caution on dividend payouts.
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Key Highlights of 2025
Bank Al‑Maghrib presented the 22nd edition of its annual banking‑supervision report in Casablanca, summarising the sector’s activity, profitability and stability for the 2025 fiscal year.
- Net profit (group‑share) climbed 24.7 bn MAD, a 22.2 % increase over the previous year.
- Credit portfolio grew 6.5 %** to MAD 1,238.3 bn. The most significant driver was equipment financing, up nearly 23 % to MAD 348.9 bn.
- Deposits rose 7.6 %** to MAD 1,371.6 bn. Customer‑view deposits broke the MAD 1 trillion barrier.
- Cost of risk fell 25.1 %** to MAD 9.8 bn**, reflecting successful provisioning on sensitive loans.
Credit Breakdown
By segment, the loan book showed:
- Equipment financing: +23 % → MAD 348.9 bn
- Finance‑company loans: +15 % → MAD 76.6 bn
- Consumer credit: +3.8 % → MAD 58.3 bn
- Housing loans: +1.5 % → MAD 225.9 bn
- Real‑estate development financing: +1.2 % → MAD 58.5 bn
- Cash‑flow loans: –2 % → MAD 251.1 bn
Deposit Structure
Deposits from individuals rose 5.5 %, while non‑financial corporate deposits increased 9.4 %.
- Demand deposits: +10.5 % → MAD 1,005.8 bn (crossing the 1‑trillion mark)
- Savings accounts: +2.5 % → MAD 192.1 bn
- Time deposits: –5.3 % → MAD 127.3 bn
Profitability Metrics
Banking income grew 8.7 % to MAD 73.9 bn. The interest margin rose 8.9 % to MAD 43.8 bn, while the commission margin increased 10.5 % to MAD 10.7 bn. Market‑operation results added a modest 1.6 % growth, reaching MAD 16.7 bn.
Capital Adequacy & Liquidity
Overall prudential ratios remained comfortably above regulatory minima:
- Average solvency ratio: 16.1 % (minimum 12 %).
- Tier‑1 capital ratio: 13.5 % (minimum 9 %).
- Short‑term liquidity coefficient: 172 % (minimum 100 %).
Digitalisation & Branch Network
Physical branches continued to shrink, with 5,541 outlets at year‑end – 151 fewer than in 2024. Conversely, ATMs grew by 201 units to 8,298, and payment‑agent points rose by 2,116 to total 34,337.
Banking Inclusion
Bank account ownership rose from 58 % to 62 % of the adult population. The total number of bank accounts reached 39.8 million, up 1.6 million, while payment accounts climbed to 16.3 million.
Risk & Provisioning
Non‑performing loans (NPLs) increased to MAD 102.3 bn, but the NPL ratio fell slightly to 8.3 % of total credit. Provisions covered 67.9 % of NPLs (MAD 69.4 bn).
Supervisory Actions
Bank Al‑Maghrib handled 3,591 client complaints in 2025 – a 56 % rise year‑on‑year – and resolved 51 % in favour of the complainant. The central bank also conducted a nationwide “Mystery Shopping” exercise across roughly 500 branches to assess service quality, pricing transparency and compliance.
Following on‑site inspections, the regulator issued 15 sanctions (seven disciplinary, eight monetary) and continued work on Open Banking, AI governance and cyber‑resilience, in partnership with the Moroccan Banking Association and technical assistance from the World Bank.