Banking and Insurance Consultant Kamal Zine announced that Moroccan banks have seen a slight increase in their net banking income. For the majority of banks, this trend was between 1% and 2.6%.

The good performance of the net interest margin, the improvement in inflows and the good performance of market activity, stimulated by the reduction in the key interest rate of 75 basis points, were quite beneficial for Moroccan banks. The majority experienced an increase between 1% and 2.6%.

Moroccan banks have seen an increase in their provisions. However, net results fell sharply due to the deterioration in the cost of risk and the impact of the solidarity effort. Indeed, in a context of crisis, several productive sectors have witnessed a decline in their activities.
Regarding the hive-off structure, the Wali of Bank Al Maghrib indicated during his last press briefing that this project was progressing, but that there were legal, fiscal and institutional issues to be addressed.

Moroccan banks have put digital transformation at the heart of their strategies launched in recent years. The proliferation of online offers, the enhancement of the customer experience, the investment in technological solutions for analysis and granting of credit, payment, digitalization and process optimization have allowed some customers to take the digital train in their relationship with their bank.