FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | NIGS down 55% at the end of September 2020
| Indicators (MAD Mn) | 9M 2019 | 9M 2020 | Change |
|---|---|---|---|
| NBI | 17 576 | 18 162 | 3,3% |
| Gross Operating Income | 9 264 | 8 697 | -6,1% |
| GOI margin | 52,7% | 47,9% | -4,8 pts |
| Cost of risk | 1 360 | 4 610 | 239,1% |
| NIGS | 4 400 | 1 972 | -55,2% |
| Net margin | 25,0% | 10,9% | -14,1 pts |
| MOROCCO | CMT | Revenue down 18% at the end of September 2020
In Q3 2020, CMT's revenue decreased by 5.5% to MAD 120 Mn. In this context, the Group's revenue declined by 18.3% at the end of September 2020 to MAD 309 Mn.
| MOROCCO | CARTIER SAADA | Revenue down 21% during the period from 04/01/2020 to 09/30/2020
During the period from 04/01/2020 to 09/30/2020, Cartier Saada's revenue decreased by 21.0% to MAD 70.3 Mn. In this context, exports accounted for 95% of the company's revenue during the same period, down 22%.
ECONOMIC HEADLINES
| MOROCCO | REAL ESTATE | PPI down 0.8% y-o-y in Q3 2020
According to Bank Al-Maghrib, the property price index (PPI) fell by 0.8% y-o-y in Q3 2020. This results from the decrease of 1.2% in residential properties prices and 0.4% in land prices while prices of assets for professional use rose by 3.0%. Regarding number of transactions, these dropped by 9.5% in Q3 2020 compared to the same period of the previous year.
Compared to Q2 2020, the PPI and number of transactions jumped by respectively 3.6% and 117.6%.
| CAMEROON | CEMENT | Dangote Cement sales up 18% at the end of September 2020
At the end of September 2020, cement sales by the Cameroonian subsidiary of the Nigerian Group Dangote Cement reached 1 million tons, up 18% compared to the same period in 2019. The operator’s market share in Cameroon stood at 39% during the same period.
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