BMCI: Net profit up 62% to AED 354 million
The consolidated net profit of BMCI Bank in Morocco rose to AED 354 million during the first half of 2026, a growth of 62.4%, driven by the decline in the cost of risk and the improvement in the interest margin.
BMCI Bank, the Moroccan arm of the French group BNP Paribas, recorded a remarkable increase in its consolidated net profits during the first half of 2026, reaching AED 354 million compared to AED 218 million in the same period of 2025, with a growth of 62.4 percent. The bank attributes this improvement mainly to a significant reduction in the cost of risk, along with an improvement in the net interest margin during the first six months of the year. Pre-tax score jumps more than 70 percent at consolidated accounts level, score rises before Calculating the tax to 661 million dirhams, compared to 385 million dirhams during the first half of 2025, an increase of 71.6 percent. The Group's net banking output was AED 2.01 billion during the same period. In terms of social accounts alone, that is, excluding branches and subsidiaries, the net result increased to AED 322 million compared to AED 292 million a year ago, with a less sharp growth of 10 percent. The following are the highlights of BMCI Bank's financial indicators for the first half of 2026 compared to the same period of the year Past: BMCI Bank results for the first half of 2026 The first half of 2026 The first half of 2025 The percentage change Consolidated net result AED 354 million AED 218 million +62.4% The result before the unified tax AED 661 million AED 385 million +71.6% Social net result AED 322 million AED 292 million +10% Consolidated net banking output AED 2.01 billion — Semi-stable loans Despite improved profits and contrary to profitability indicators, loans distributed to customers were semi-stable during the period, as Its consolidated balance amounted to about AED 59.37 billion. This means that the improvement in profits came mainly from better risk management and improved margins, not from an expansion in the volume of funding for households and enterprises. BMCI's results are part of a wave of financial announcements by a number of Moroccan banks about the outcome of the first half of 2026, in a context in which banking institutions are keen to improve their margins amid global and local economic pressures. This performance reinforces BMCI's position as one of the major banking players listed in the Casablanca Stock Exchange, as the Moroccan arm of the French group BNP Paribas.