Morning News

April 02, 2018

FINANCIAL MARKET HEADLINES

| MOROCCO | LISTED COMPANIES | 2017 annual results

  -       BMCE Bank of Africa : NIGS stable at MAD 2 Bn, DPS maintained at MAD 5

-       Dari Couspate : Payout of a global DPS of MAD 140 of which an extraordinary DPS of MAD 50

-       Nexans : NIGS down 54% to MAD 8 Mn

-       Timar : Net income up 8%, DPA set at MAD 4

-       Balima : Net income up 8% to MAD 11 Bn

-       SRM : Net income up 21%, DPS set at MAD 13 against MAD 10 in 2016

-       Stroc Industrie: The deficit widen to MAD – 104 Mn

-       IB Maroc: A deficit of MAD -41 Mn against MAD -4 Mn in 2016

*Please find attached the details of 2017 annual results of these listed companies

     

| BENIN | BANK OF AFRICA BENIN | FY 2017 net income down 8%

  For the FY 2017, Bank Of Africa of Benin (BOA BENIN) posted a net profit of FCFA 14,813 Mn against FCFA 16,132 Mn a year earlier, declining by 8%.  

| BURKINA FASO | CORIS BANK INTERNATIONAL | FY 2017 net income up 19%

  CORIS BANK INTERNATIONAL BF posted a net profit of FCFA 19,571 Mn at the end of the FY 2017, jumping by 19% compared to the previous year. The bank announced a DPS of FCFA 336 against FCFA 219 in 2016.  

cid:image003.png@01D39362.94950AB0  ECONOMIC HEADLINES

| MOROCCO| BANK LOANS | An increase of 3.9% in February 2018

  In February 2018, outstanding loans amounted to MAD 824.1 Bn, up 3.9% y-o-y.

Treasury loans reached MAD 158.7 Bn, down 1.8% compared to the same month of last year while Real Estate loans and Consumer loans rose by respectively 3.5% and 4.5% to MAD 258.6 Bn and MAD 51.5 Bn. For their part, Equipment loans jumped by 11.0% y-o-y amounting to MAD 169.7 Bn. Finally, Non Profitable Loans (NPL) increased by 3.4% to MAD 64.3 Bn.
     

 

2017 annual results

 

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