Mohammedia – Bank of Africa reported consolidated net banking income of 10.3 billion dirhams, up 8% from the same period last year.
This increase was driven by an 8% rise in interest income, a 2.3% growth in fees and commissions, and a remarkable 54.2% jump in revenue from market operations, which highlights the bank’s ability to grow its earnings even in a competitive environment.
Gross operating income also rose by 12% to 6.1 billion dirhams, showing that Bank of Africa is controlling its costs while improving its operational efficiency.
The bank’s consolidated cost-to-income ratio fell to 41.5% from 43.6% a year earlier, continuing a six-year trend of improving efficiency, showcasing the banksmanagement its expenses carefully while supporting steady growth.
On the balance sheet side, total consolidated assets remained stable at 423 billion dirhams. Customer loans – excluding resale operations – increased by 2% to 227 billion dirhams.
At the same time, customer deposits, excluding repos, also grew by 2% to reach 261 billion dirhams. These figures suggest that both lending and savings activities are moving steadily forward.
Equity attributable to the group rose by 4% to 30.2 billion dirhams. Bank of Africa also strengthened its financial position by issuing a perpetual subordinated bond of 1 billion dirhams. The bond includes a loss absorption mechanism and the possibility of canceling coupon payments, which adds to the bank’s Tier 1 capital and overall financial resilience.
The bank’s risk profile improved as well. The consolidated cost of risk fell by 8% to 1.6 billion dirhams at the end of June 2025. The coverage ratio increased to 69.7%, compared with 68.5% at the end of 2024.
Bank of Africa’s strong performance is also supported by its market operations. The 54.2% increase in market income shows that the bank is benefiting from trading and investment activities. Combined with steady growth in interest income and fees, these results underline the bank’s diversified revenue base.
Overall, Bank of Africa’s first-half results for 2025 demonstrate solid profitability, controlled costs, and careful risk management.
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