FINANCIAL MARKET HEADLINES
| MOROCCO | BANK OF AFRICA | Reported NIGS down 59% at the end of September 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
NBI |
10 369 |
10 425 |
0,5% |
|
RBE |
4 367 |
3 774 |
-13,6% |
|
Gross Operating Income |
42,1% |
36,2% |
-5,9 pts |
|
GOI margin |
1 409 |
2 567 |
82,2% |
|
Cost of risk |
1 476 |
613 |
-58,5% |
|
NIGS |
14,2% |
5,9% |
-8,3pts |
|
Recurring NIGS* |
1 476 |
1 243 |
-15,8% |
| MOROCCO | COLORADO | Revenue down 10% at the end of September 2020
In Q3 2020, Colorado's revenue jumped by 26.5% to MAD 155.4 Mn. Meanwhile, the operator's turnover fell by 10.3% at the end of September 2020 to MAD 330.9 Mn against MAD 368.9 Mn a year earlier.
| MOROCCO | PROMOPHARM | Revenue up 8% at the end of September 2020
In Q3 2020, Promopharm's revenue reached MAD 134.3 Mn, up 10.6% year-on-year. At the end of September 2020, this posted an increase of 8.1% to MAD 390.6 Mn.
ECONOMIC HEADLINES
| MOROCCO | CPI | An increase of 1.3% y-o-y in October 2020
In October 2020, the consumer price index increased by 0.1% from the previous month. This evolution takes into account a 0.1% increase in the food index and a stagnation of the non-food index. On a y-o-y basis, the CPI rose by 1.3%. Note that the underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, remained stable compared to September 2020 and increased by 0.2% compared to October 2019.
| TUNISIA | INDUSTRY | Production down 6% at the end of September 2020
During the first nine months of 2020, industrial production in Tunisia decreased by 5.6% y-o-y. This is the result of the decline recorded in almost all sectors, in particular the mechanical and electrical industries (-17.3%); the textile, clothing and leather industry (-20.3%); the building materials, ceramics and glass industry (-16.1%) and the paper and cardboard industry (-15.3%).
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