Below are the financial statements of Bank of Africa, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of MAD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets under IFRS | — | — |
| Cash and balances at central banks, the public treasury and postal cheque centre | 21.19a | 18.47a |
| Financial assets at fair value through profit or loss | — | — |
| Financial assets held for trading purposes | 58.96a | 46.81a |
| Financial assets at fair value through profit or loss | 1.72a | 1.72a |
| Derivative hedging instruments | 0a | 0a |
| Financial assets at fair value through other comprehensive income | — | — |
| Debt instruments at fair value through other comprehensive income (recyclable) | 0.71a | 0.48a |
| Equity instruments at fair value through other comprehensive income (non-recyclable) | 6.95a | 6.07a |
| Securities at amortised cost | 44.93a | 50.15a |
| Loans and advances to credit and similar institutions at amortised cost | 35.15a | 25.41a |
| Loans and advances to customers at amortised cost | 225.62a | 212.2a |
| Revaluation adjustment for portfolios hedged against interest rate risk | 0a | 0a |
| Financial investments from insurance operations | 0a | 0a |
| Current tax assets | 1.41a | 1.1a |
| Deferred tax assets | 2.61a | 2.54a |
| Prepayments, accrued income and other assets | 8.4a | 7.82a |
| Non-current assets held for sale | 0a | 0a |
| Investments in companies accounted for using the equity method | 1.01a | 0.97a |
| Investment property | 3.31a | 3.38a |
| Property, plant and equipment | 8.69a | 8.64a |
| Intangible assets | 1.6a | 1.41a |
| Goodwill | 1.02a | 1.02a |
| Total assets under IFRS | 423.28a | 388.18a |
| Liabilities under IFRS | — | — |
| Financial liabilities measured using the fair value option through profit or loss | — | — |
| Financial liabilities held for trading purposes | 0a | 0a |
| Financial liabilities at fair value through profit or loss | 0a | 0a |
| Debt securities issued | 11.72a | 10.05a |
| Amounts due to credit and similar institutions | 80.25a | 73.2a |
| Amounts due to customers | 257.63a | 238.68a |
| Revaluation adjustment on portfolios hedged against interest rate risk | 0a | 0a |
| Current tax liabilities | 2.04a | 1.44a |
| Deferred tax liabilities | 1.23a | 1.17a |
| Accruals, deferred income and other liabilities | 19.58a | 15.95a |
| Liabilities related to non-current assets held for sale | 0a | 0a |
| Liabilities under insurance contracts | 0a | 0a |
| Provisions | 1.88a | 1.67a |
| Subsidies - public funds and special guarantee funds | 0a | 0a |
| Subordinated debt | 12.15a | 12.14a |
| Total liabilities | 386.46a | 354.29a |
| Shareholders' equity | — | — |
| Share capital and related reserves | 21.38a | 20.66a |
| Consolidated reserves | — | — |
| Attributable to shareholders of the parent company | 3.45a | 2.68a |
| Non-controlling interests | 5.64a | 5.22a |
| Gains and losses recognised directly in equity | — | — |
| Attributable to shareholders of the parent company | 0.88a | 0.74a |
| Non-controlling interests | 0.49a | 0.51a |
| Net income for the period | — | — |
| Attributable to shareholders of the parent company | 3.43a | 2.66a |
| Non-controlling interests | 1.55a | 1.42a |
| Total consolidated shareholders' equity | 36.81a | 33.89a |
| Total liabilities under IFRS | 423.28a | 388.18a |
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