Casablanca – Morocco’s banking sector continues to show robust growth in 2025, with Al Barid Bank and Crédit du Maroc posting strong financial results for the first nine months of the year. The banks’ performance reflects expanding credit activity, increasing deposits, and improved operational efficiency, underlining the resilience of Morocco’s financial system.

Al Barid Bank: sustained momentum across key metrics

Al Barid Bank reported significant growth as of September 30, 2025. Customer deposits reached $8.2 billion, up 6.6% year-on-year, with savings deposits accounting for $3.9 billion. This performance reinforced the bank’s leading position, holding a market share of 19.95%.

Credit distribution, including housing and consumer loans, surged 47%, reflecting strong commercial activity and the bank’s active role in financing households and the broader economy. Net banking income grew 21.2% to $299 million, supported by a 36.5% increase in income from securities operations, an 18.7% rise in net interest margin, and a 5.5% increase in commission income. Net profit rose sharply to $87.9 million, a 70.3% increase compared with the same period in 2024.

The bank’s supervisory board highlighted that these results demonstrate the effectiveness of Al Barid Bank’s inclusive and socially responsible model, underpinned by the dedication of its teams and partners.

Crédit du Maroc: strong profitability and credit recovery

Crédit du Maroc also posted solid results, with a consolidated net profit of $71.1 million, up 19.9% compared to the same period in 2024. Net banking income reached $276 million, supported by balanced growth across retail, corporate, and specialized subsidiaries. Net interest income grew 10.9% to $205 million, while commission income rose 8% to $39 million, driven by subsidiaries such as CDM Leasing, Factoring, and CDM Capital Bourse. Income from market operations increased 6.3% to $40 million, boosted by strong trading and foreign exchange activities.

Lending activity rebounded, with total customer loans reaching $5.98 billion, up 5.2% year-on-year. Corporate lending grew 8% to $3.67 billion, supported by increases in equipment financing (+21.2%), leasing (+44.4%), and loans to real estate developers (+18.4%). Consumer loans rose 9.6%, and mortgage lending increased 2.5%. Deposits increased 6.8% to $6.03 billion, largely due to a 10.7% rise in demand deposits, reflecting strong depositor confidence.

Crédit du Maroc invested $20.6 million during the first nine months in technological transformation, aiming to enhance operational efficiency, improve customer experience, and support sustainable growth.

Sector trends and economic implications

The performance of Al Barid Bank and Crédit du Maroc highlights broader trends in Morocco’s banking sector: growth in lending, effective cost management, and diversification across retail, corporate, and specialized banking services. Both banks expanded their balance sheets while maintaining operational efficiency, reflecting disciplined risk management in a dynamic economic environment.

For the Moroccan economy, these results signal renewed confidence in bank financing. Rising credit volumes support businesses and households, while growing deposits indicate public trust in financial institutions. Expansion in housing, consumer, and corporate loans shows that banks are actively contributing to economic activity and recovery.

However, risks remain. Banks must continue monitoring asset quality and macroeconomic fluctuations that could affect credit demand, client solvency, and profitability. Maintaining a careful balance between growth and risk will be key to sustaining long-term financial stability and competitiveness.

The first nine months of 2025 have been marked by strong growth and strategic progress for Al Barid Bank and Crédit du Maroc. Both institutions have strengthened their positions through credit expansion, deposit growth, and operational efficiency, contributing positively to the Moroccan economy. Continued investment in technology and innovation will be critical to supporting sustainable growth and enhancing the banks’ role in national economic development.