FINANCIAL MARKET HEADLINES

| MOROCCO | BANK OF AFRICA | NIGS down 68% in H1 2020

Indicateurs (MDH

H1 2019

H1 2020

Variation

NBI

6 979

7040

0,9%

Gross Operating Income

3 124

2272

-27,3%

GOI margin

44,8%

32,3%

-12,5pts

Cost of risk

872

1462

67,6%

NIGS

1170

373

-68,1%

Net margin

16,8%

5,3%

-11,5pts

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