Notes
12/31/2022 12/31/2021
Interest income 3.1
24 075 107 22 320 044
Interest expenses 3.1-6 725 077 -6 149 668
NET INTEREST MARGIN 17 350 030 16 170 376
Fees income 3.2 6 603 715 6 129 880
Fees expenses 3.2-827 597 -937 494
NET FEE MARGIN 5 776 118 5 192 386
Net gains or losses occured by the hedging of net positions
Net gains or losses on financial instruments at fair value through profit or loss 3.3 2 353 701 2 882 166
Net gains or losses on trading assets 2 297 009 2 871 495
Net gains or losses on other assets at fair value through profit or loss 56 692 10 672
Net gains or losses on financial assets at fair value through other comprehensive income 3.4 715 613 663 768
Net gains or losses on debt instruments at fair value through other comprehensive income (recycling) 92 150 30 484
Remuneration of equity instruments measured at fair value through other comprehensive income that will not be
reclassified subsequently to profit or loss (dividends)
204 415 111 264
Remuneration of financial assets measured at fair value through other comprehensive income that will not be
reclassified subsequently to profit or loss (insurance)
419 048 522 020
Net gains or losses on derecognised financial assets at amortised cost
Net gains or losses on reclassified financial assets at fair value through comprehensive income to financial assets
through profit or loss
Income on other activities 11 833 574 10 400 220
Expenses on other activities-11 715 540 -10 929 287
NET BANKING INCOME 26 313 495 24 379 629
Total operating expenses 3.9-10 266 018 -9 858 112
Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 3.10-1 453 257 -1 431 173
GROSS OPERATING INCOME 14 594 220 13 090 344
Cost of risk 3.7-3 194 758 -3 606 838
NET OPERATING INCOME 11 399 462 9 483 506
+/- Share of earnings of associates and equity-method entities 5 586 -11 433
Net gains or losses on other assets 3.8-76 358 -41 626
Goowill variation values
PRE-TAX INCOME 11 328 691 9 430 448
Net income tax-3 870 082 -3 273 682
Net income from discounted or held-for-sale operations
NET INCOME 7 458 609 6 156 766
Non-controlling interests-1 393 327 -1 012 305
NET INCOME GROUP SHARE (or owners of the parent company) 6 065 282 5 144 461
Earnings per share (MAD) 28.19 23.91
Diluted earnings per share (MAD) 28.19 23.91
Consolidated Income Statement at December 31, 2022 (thousand MAD)
12/31/2022 12/31/2021
NET INCOME
7 458 609 6 156 766
Items that may be reclassified subsequently to income statement
Currency translation adjustments -62 990 -395 792
Revaluation of financial assets at fair value through other comprehensive income recyclable892 095 518 358
Revaluation of hedging derivative instruments
Share of gains and losses accounted directly in equity of equity method entities
Other items accounted in equity recyclable
Related income tax
190 329 117 026
Items that will not be reclassified subsequently to income statement
Revaluation of fixed assets
Revaluation or Actuarial gains losses of defined benefit pension plans
Revaluation of credit risk specific to financial liabilities that are not mandatorily measured at fair value through profit or
loss
Revaluation of equity instruments through other comprehensive income
68 287 61 017
Share of gains and losses through other comprehensive income on items regarding equitymethod investments non
recyclable
Other comprehensive income non recyclable
Related Taxes
25 976 23 647
Total gains and losses directly recorded in shareholders equity807 067 31 830
NET INCOME DIRECTLY RECORDED IN SHAREHOLDERS EQUITY 6 651 541 6 124 935
Of which Group share 5 434 148 4 916 343
Of which noncontrolling interests 1 217 393 1 208 592
Statement of net income and gains and losses directly recorded in shareholders equity at December 31, 2022 (thousand MAD)