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BOA: Increase in outstanding loans



By The Economist | Den 08/13/2020 – 13:56 | Share
BOA: Increase in outstanding loans

According to the banking group’s activity report, the outstanding consolidated loans from Bank Of Africa – BMCE Group showed an increase of 4% to DH 186.6 billion in 2019. Excluding customer sales, receivables from customers grew by 2.3%.

Customer deposits increased 5.4% during the same period to reach MAD 202.8 billion. In terms of performance, the financial year 201

9 was characterized by a significant strengthening of the Group’s financial base with an increase of 22% of equity, the Group’s share. Consolidated net banking income and the Group’s share of net profit increased by 5% each to DH 13.9 billion and DH 1.9 billion.

Please note that the Bank Of Africa – BMCE Group publishes its first integrated report for the financial year 2019, in accordance with the International Integrated Reporting Council (IIRC).


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