Net profits of banks listed on the Casablanca Stock Exchange amount to 15 billion dirhams

Heba Press – Casablanca

Banks listed on the Casablanca Stock Exchange continued to record significant and positive financial results during the first half of the current year, which observers attribute to the economic development and the significant and notable recovery that the sector experienced in our country this year.

In this regard, Moroccan banks continued to achieve an increase in the cumulative net income of listed banks, which reached 15 billion dirhams over the past year, an increase of 20.6% compared to the previous year.

Improving hard currency reserves have helped strengthen banks’ ability to provide sufficient liquidity to support loan growth, which is expected to be a key driver of growth this year.