FINANCIAL MARKET HEADLINES
| MOROCCO | ADDOHA | A profit of MAD 42 Mn in H1 2021
| MOROCCO | MAGHREBAIL | A net income of MAD 49 Mn in H1 2021 against MAD 8 Mn in H1 2020
| MOROCCO | PROMOPHARM | Net income up 64% in H1 2021
| MOROCCO | S2M | A profit of MAD 1 Mn in H1 2021
| MOROCCO | IB MAROC | A loss of MAD -6 Mn in H1 2021
| MOROCCO | INVOLYS | Payout of an extraordinary DPS of MAD 8
Involys shareholders are convened to an Ordinary General Meeting on November 1st 2021. This decides to payout, on an exceptional basis, optional reserves for a total amount of MAD 3,061,728.00, i.e. a dividend per share of MAD 8. This dividend will be paid from November 26th 2021.
ECONOMIC HEADLINES
| MOROCCO | GDP | A growth rate of 15.2% in Q2 2021
According to the HCP, the Moroccan economy shows a growth rate of 15.2% in Q2 2021 against a drop of 14.2% in Q2 2020. This is explained by an increase of 18.6% in crop activities and 14.8% of non-crop activities.
| MOROCCO | BANK LOANS | An increase of 2.9% at the end of August 2021
At the end of August 2021, the outstanding bank loans increased by 2.9% year-on-year to reach MAD 963.6 Bn.
Mortgage loans (MAD 288.2 Bn), treasury loans (MAD 228.3 Bn) and consumer loans (MAD 55.7 Bn) show respective increases of 3.6%, 10.1% and 1.5%. Meanwhile, equipment loans recorded a decline of -4.3% to settle at MAD 175.7 Bn. Finally, non-profitable loans stood at MAD 84.0 Bn, up 8.6%.
| WAEMU | INFLATION | Prices up 2.9% y-o-y in August 2021
In August 2021, the Harmonized Consumer Prices Index of WAEMU slightly increased by 0.2% compared to the previous month.
Year-on-year, the inflation rate in the sub-region stands at 2.9% below the community threshold set at 3.0%.
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