Other banking income and expenses
Other banking income totaled MAD 2.0 billion in 2022, a rise
of 17.5% from 2021.
Other banking expenses increased 10.4%, to MAD 1.5 billion.
General operating expenses
General operating expenses in 2022 totaled MAD 4.9 billion,
up 2.5% from 2021. This rise is due mainly to a 4.7% rise in
depreciation and amortization expenses, and a 3.5% increase
in staff costs. The cost-to-income ratio came to 36.0% in
2022, compared with 36.2% a year earlier.
MAD millions
December
2022
December
2021
Change
MAD
millions
%
Staff costs 2,352 2,273 79 3.5%
Taxes 65 70-5-7.1%
External expenses 1,730 1,723 8 0.4%
Other general operating
expenses
105 93 12 12.9%
Depreciation and amortization
expenses*
600 574 27 4.7%
General operating expenses 4,853 4,733
121
2.5%
* Tangible and intangible assets
Gross operating income
Gross operating income fell 3.3% in 2022, to MAD 8.0 billion.
This change is due mainly to a 3.1% rise in NBI and to higher
general operating expenses of 2.5% And other non-banking
operating expenses, on the other hand, the deficit result from
financial asset transactions.
Income from ordinary activities
Income from ordinary activities totaled MAD 6.3 billion in 2022,
up 7.5% from 2021.
Net provisions totaled MAD 1,630 million, compared with MAD
2,347 million in 2021. This change was helped by the gradual
return to normal levels of nonperforming loans subsequent
to economic recovery. The provisions comprise :
• provisions (net of reversals) for nonperforming loans and
signature loans of MAD 955 million in 2022, compared with
MAD 2,725 million in 2021;
•
other provisions (net of reversals) of MAD 675 million in 2022,
compared with MAD 378 million in 2021;
The coverage ratio for nonperforming loans came to 71.3% in
2022, compared with 66.6% in 2021.
Net income
Net income rose by 3.3% in 2022, to MAD 4.2 billion.
Shareholders’ equity
Shareholders’ equity (excl. net income) grew by 2.0% in 2022,
to MAD 43.8 billion.
Total assets
At the end of 2022, total assets totaled MAD 400.3 billion, up 3.5%
from the previous year.
SECURITIES
Gross carrying
value
Current value
Redemption
value
Unrealized
capital gains
Unrealized
capital losses
Provisions
TRADING SECURITIES
63,263,182 63,263,182
. TREASURY BILLS AND SIMILAR
INSTRUMENTS
42,817,539 42,817,539
BONDS 222121 222121
OTHER DEBT SECURITIES 1852635
1852635
EQUITY SECURITIES 18337523 18337523
SUKUK CERTIFICATES 33364 33364
AVAILABLEFORSALE SECURITIES 1558973 1535684 3792 23289 23289
TREASURY BILLS AND SIMILAR
INSTRUMENTS
BONDS 1507870 1507870
OTHER DEBT SECURITIES
EQUITY SECURITIES 51103 27814 3792 23289 23289
SUKUK CERTIFICATES
INVESTMENT SECURITIES 10489709 10489709
TREASURY BILLS AND SIMILAR
INSTRUMENTS
8951539 8951539
BONDS 200000 200000
OTHER DEBT SECURITIES 1338170 1338170
SUKUK CERTIFICATES