BCP Bank Reports 2.9 Billion Dirham Profit, Driven by Cost Cuts and Economic Recovery

This performance is attributable to the economic recovery both in Morocco and in sub-Saharan Africa, the Group indicates in a press release on its financial results, specifying that the group’s net banking income increased by 3.6% during the same period, to stand at 15 MMDH, driven by all its components.

Regarding general expenses, the bank experienced a 9.7% decrease following the continued cost optimization program and the non-recurrence of the Covid donation (750 million dirhams (MDH)).

These achievements reflect "the financial resilience of the Group in the face of economic and health uncertainties as well as its unwavering commitment to supporting the economies of all its host countries," notes the BCP Group.