FINANCIAL MARKET HEADLINES
| MOROCCO | CIH BANK | NIGS down 70% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Change |
|---|---|---|---|
|
NBI |
1198 |
1403 |
17,1% |
|
Gross Operating Income |
408 |
439 |
7,6% |
|
GOI margin |
34,1% |
31,3% |
-2,8pts |
|
Cost of Risk |
170 |
415 |
144,6% |
|
NIGS |
151 |
46 |
69,8% |
|
Net margin |
12,6% |
3,3% |
-9,3pts |
| MOROCCO | EQDOM | NIGS down 68% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Change |
|---|---|---|---|
|
NBI |
273 |
250 |
-8,03% |
|
EBIT |
120 | 52 |
-56,4% |
|
EBIT margin |
44,0% |
20,09% |
-23,1pts |
|
NIGS |
69 | 22 |
-68,4% |
|
Net margin |
25,3% |
8,7% |
-16,6pts |
| MOROCCO | ATLANTA | Characteristics of the capital increase following the merger-absorption of Sanad
AMMC approved on September 10th 2020, a prospectus relating to the capital increase of Atlanta SA following the mergerabsorption of Sanad SA. This capital increase concerns a total of 93,159 shares which will be issued under the following terms:
- Exchange parity: 11 shares of Atlanta for 1 share of Sanad;
- Total amount of the operation: MAD 8,263,203;
- Issue price: MAD 88.7 per share;
- Par value: MAD 10.0 per share.
| MOROCCO | ZELLIDJA | Profit warning
In a press release, Zellidja announces a decline in its H1 2020 results due to the recognition of a provision for depreciation of equity securities of the company Fenie Brossette. In this context, the company forecasts a loss of MAD -13.9 Mn at the end of June 2020.
ECONOMIC HEADLINES
| MALI | INFLATION | Prices up 2.1% y-o-y in August 2020
According to the National Institute of Statistics of Mali, the Harmonized Consumer Prices Index increased by 0.7% in August 2020, compared to the previous month. On a year-over-year basis, the country’s inflation rate stood at 2.1% below the community convergence threshold set by WAEMU.
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