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Saham Bank Q1 2026 Net Profit Climbs 7% Amid Market Volatility
Saham Bank posted a solid first‑quarter 2026 performance, with consolidated net banking income up 8.8% YoY to MAD 1.596 bn and net profit rising 7% to MAD 437 million. Growth was driven by higher interest margins and commission fees, while market‑making earnings fell sharply due to bond‑market volatility. The bank also highlighted continued digitalisation, strong credit‑deposit growth and a robust capital position.
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Quarterly Highlights
Saham Bank reported a consolidated net banking product (PNB) of MAD 1.596 billion for Q1 2026, up 8.8 % year‑on‑year. Net profit attributable to shareholders reached MAD 437 million, a 7 % increase despite a 60 % drop in market‑making income.
Key Drivers
- Interest margin: grew to MAD 1.052 billion (+7.2 %).
- Commission income: up 17.4 % to MAD 467 million.
- Market‑related operations: fell to MAD 14 million, reflecting bond‑market volatility.
- Operating profit (EBIT): MAD 831 million (+11.7 %).
- Cost‑to‑income ratio: improved by 1.4 points to 47.9 %.
Credit & Deposit Growth
Loans (excluding pension funds and certificates of deposit) amounted to MAD 84.794 billion at the end of March, +7.8 % YoY. Customer deposits reached MAD 85.871 billion, up 9.9 %.
Digital Transformation
Since 2025 the bank has accelerated its digital agenda, launching the MyFx foreign‑exchange app and offering 24/7 advisory services.
Recognition
At the Global Banking & Finance Review Awards 2026, Saham Bank earned three trophies: Best Banking Transformation in Morocco, Best Corporate Bank, and Innovation for Generation Z.
Prudential Strength
The solvency ratio stands at 14.23 % and the CET1 ratio above 13 %, both comfortably above regulatory minima.
Outlook
Management confirms that Q2 2026 will follow the strategic roadmap, with expectations of continued earnings growth.