Economic and financial news of july 29, 2025

Latest financial market news

| MOROCCO | CRÉDIT DU MAROC | NIGS up 14% in H1 2025

Crédit du Maroc delivered a strong financial performance in the first half of 2025. Net Banking Income rose to MAD 1.775 billion, up 10.5% compared to H1 2024. Gross Operating Income saw a significant increase of 17.2%, reaching MAD 965 million, with the operating margin improving to 54.4% (+3.1 points).

Despite a 16.1% rise in the cost of risk, Net Income Group Share (RNPG) grew by 13.9%, standing at MAD 445 million. The net margin improved slightly to 25.1% (+0.8 point), reflecting the bank’s resilient and efficient operating model.

| MOROCCO | TGCC | Capital increase technical results

The technical results of TGCC’s capital increase of an amount of MAD 2.2 Bn are as follows:

• Subscribed Amount: MAD 92,643,733,500;
• Requested shares: 127,784,460;
• Allocated shares: 3,034,482;
• Average rate of satisfaction: 2.37%;
• Number of subscribers: 82,080.

Economic news

| MOROCCO | INDUSTRY | IPPI evolution in June 2025

According to HCP, the price index for the “Manufacturing industries excluding oil refining” show a decrease of 0.1% during June 2025 compared to the previous month. Meanwhile, the price indices for the “Extractive industries”, “Electricity production and distribution” and “Water production and distribution” sectors remained stable during the same period.

| CÔTE D’IVOIRE | GDP | A growth rate of 8.5% in Q1 2025

According to the National Agency of Statistics (Anstat), the growth rate of the Côte d’Ivoire economy stood at 8.5% in Q1 2025. This growth results from the dynamic observed at the level of the primary (+4.3%), secondary (+7.5%) and tertiary (+7.7%) sectors.