Income statement at December 31, 2022 (thousand MAD)
Statement of departures from standard accounting treatment at December 31, 2022
Statement of changes in accounting methods at December 31, 2022
loans and advances to credit institutions and similar establishments at December 31 2022 thousand MAD
12/31/2022 12/31/2021
OPERATING INCOME FROM BANKING ACTIVITIES 19 569 227 18 737 597
Interest and similar income from transactions with credit institutions 919 081 837 184
Interest and similar income from transactions with customers 9 974 306 9 885 775
Interest and similar income from debt securities 329 480 306 388
Income from equity securities and Sukuk certificates 2 035 905 1 733 767
Income from Moudaraba and Moucharaka securities
Income from lease-financed fixed assets 162 256 82 540
Income from fixed assets given in Ijara
Fee income provided from services 2 153 237 2 011 545
Other banking income 3 994 962 3 880 397
Transfer of expenses on investment deposits received
OPERATING EXPENSES ON BANKING ACTIVITIES 6 094 218 5 668 107
Interest and similar expenses on transactions with credit institutions 567 014 463 480
Interest and similar expenses on transactions with customers 1 657 840 1 739 754
Interest and similar expenses on debt securities issued 271 811 319 767
Expenses on Moudaraba and Moucharaka securities
Expenses on lease-financed fixed assets 93 623 234 859
Expenses on fixed assets given in Ijara
Other banking expenses 3 503 930 2 910 247
Transfer of income on investment deposits received
NET BANKING INCOME 13 475 010 13 069 490
Non-banking operating income 64 805 880 682
Non-banking operating expenses 1 174
529 912
OPERATING EXPENSES 4 853 219 4 732 623
Staff costs 2 352 366 2 273 129
Taxes other than on income 65 025 70 014
External expenses 1 730 184 1 722 630
Other general operating expenses 105 377 93 310
Depreciation, amortisation and provisions 600 268 573 541
PROVISIONS AND LOSSES ON IRRECOVERABLE LOANS 2 771 877 5 490 146
Provisions for non-performing loans and signature loans 1 130 078 2 527 806
Losses on irrecoverable loans 139 959 1 739 848
Other provisions 1 501 840 1 222 492
PROVISION WRITE-BACKS AND AMOUNTS RECOVERED ON IMPAIRED LOANS 429 894 2 700 990
Provision write-backs for non-performing loans and signature loans 282 029 1 500 294
Amounts recovered on impaired loans 32 740 42 274
Other provision write-backs 115 126 1 158 422
INCOME FROM ORDINARY ACTIVITIES 6 343 438 5 898 481
Non-recurring income 129 794 130 367
Non-recurring expenses 506 501 383 568
PRE-TAX INCOME 5 966 731 5 645 280
Income tax 1 731 891 1 545 796
NET INCOME FOR THE FINANCIAL YEAR 4 234 840 4 099 484
TYPE OF DEPARTURE
REASONS FOR
DEPARTURES
IMPACT OF DEPARTURES ON THE COMPANY’S FINANCIAL
POSITION OR RESULTS
I. Departures from fundamental accounting principles Not applicable Not applicable
II. Departures from valuation methods Not applicable Not applicable
III. Departures from rules for drawing up and presenting the financial
statements
Not applicable Not applicable
TYPE OF CHANGES REASONS FOR CHANGES
IMPACT OF CHANGES ON THE COMPANY’S FINANCIAL
POSITION OR RESULTS
I. Changes in valuation methods Not applicable Not applicable
II Changes in rules of presentation Not applicable Not applicable
LOANS AND ADVANCES
Bank Al Maghrib
the treasury and post
office accounts
Banks
Other credit institutions
equivalent
in Morocco
Credit institutions
abroad
Total
12312022
Total
12312021
CURRENT ACCOUNTS IN DEBIT 7 194 815 14 231 1 447 039 3 476 556 12 132 641 11 797 763
NOTES RECEIVED AS SECURITY 2 699 922 2 699 922 1 399 926
overnight
term 2 699 922 2 699 922 1 399 926
CASH LOANS 2 100 000 9 604 113 3 376 572 15 080 685 12 785 175
overnight
term 2 100 000 9 604 113 3 376 572 15 080 685 12 785 175
FINANCIAL LOANS 1 354 323 12 062 990 3 026 815 16 444 128 12 847 709
OTHER LOANS 2 127 209 136 996 2 128 341 1 974 289
INTEREST ACCRUED AWAITING RECEIPT 167 353 135 433
NONPERFORMING LOANS
TOTAL 7 194 815 8 295 685 23 114 278 9 880 939 48 653 070 40 940 295
(-) means less
(+) means more