Latest financial market news
MOROCCO | BCP | NIGS up 13% in H1 2025
In the first half of 2025, Banque Centrale Populaire (BCP) achieved a solid financial performance. Net Banking Income reached MAD 13.9 billion, representing an increase of 8.6% compared to MAD 12.8 billion a year earlier. The cost of risk remained almost unchanged at MAD 2.7 billion, with only a slight decrease of 0.2%. As a result, Net Income Group Share rose to MAD 2.9 billion, up 12.8% from MAD 2.6 billion in H1 2024. This performance was reflected in the net margin, which improved to 20.9% versus 20.2% in the same period last year.
MOROCCO | TAQA MOROCCO | NIGS down 17% in H1 2025
TAQA Morocco posted a decline in its financial indicators over the first half of 2025. Revenue stood at MAD 5,379 million, down 4.8% from MAD 5,651 million recorded in H1 2024. Operating profit (EBIT) reached MAD 1,025 million, marking an 11.5% decrease compared to MAD 1,157 million a year earlier. Consequently, the EBIT margin narrowed to 23.3%, versus 25.1% in the previous year. Net Income Group Share amounted to MAD 437 million, showing a 17% decline compared to MAD 526 million in H1 2024, while the net margin eased to 8.1% from 9.3% a year earlier.
MOROCCO | OULMÈS | NIGS up 33% in H1 2025
Oulmès delivered a strong improvement in its half-year results for 2025. Revenue reached MAD 1,521 million, an 11% increase compared to MAD 1,370 million achieved in H1 2024. EBITDA rose to MAD 270 million, representing growth of 16.7% from MAD 231 million in the same period last year. The EBITDA margin strengthened to 17.7%, against 16.9% in H1 2024. Net Income Group Share showed the sharpest growth, climbing to MAD 32 million, up 33.4% from MAD 24 million a year earlier. This performance translated into a net margin of 2.1%, compared to 1.7% in the previous year.
MOROCCO | IMMORENTE INVEST | Payment schedule of the 3rd and 4th quarterly DPS in 2025
In a press release, Immorente Invest announces the schedule adopted for the payment of the 3rd and the 4th quarterly DPS during the year 2025. This is as follows:
- 3rd quarterly DPS:
- Amount: MAD 1/share;
- Ex-dividend date: September 23rd 2025;
- Payment date: October 2nd 2025. - 4th quarterly DPS:
- Amount: MAD 1/share;
- Payment date: December 19th 2025.
Economic news
WAEMU | MONETARY POLICY | BCEAO kepts its key rates unchanged
Following its meeting held on September 17th 2025, the Monetary Policy Committee of the Central Bank of West African States (BCEAO) decided to keep the main key rate at which the Central Bank lends its resources to banks at 3.25%, as well as the interest rate on the marginal lending window at 5.25%, levels in force since June 16th 2025.
