Morning Brief - May 2nd, 2024

FINANCIAL MARKETS HEADLINES

| CÔTE D’IVOIRE | TOTALENERGIES MARKETING CI | Net income up 19% in Q1 2024
In Q1 2024, TotalEnergies Marketing Côte d'Ivoire shows revenue up 2.5% to FCFA 157,073 Mn. Likewise, the operator's net in-come surged by 18.8% during the same period to settle at FCFA 3,178 Mn.

ECONOMIC HEADLINES

| MOROCCO | BANK LOANS | An increase of 7% at the end of March 2024
At the end of March 2024, bank loans amounted to MAD 1,107.9 Bn, up 1.7% compared to the previous month and 6.7% year-on-year. In more detail, mortgage loans (MAD 303.8 Bn), equipment loans (MAD 200.0 Bn) and treasury loans (MAD 254.8 Bn) show respective increases of +1.1%, +10.8% and +2.3%. Meanwhile, consumer loans remained almost stable (+0.3%) at MAD 58.0 Bn. Finally, non-profitable loans reached MAD 95.5 Bn, up 5.3%.

 

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