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 millions of MAD | 2024 | 2023 |
|---|---|---|
| Interest and similar income | 20,367.89a | 19,374.05a |
| Interest and similar expenses | -7,184.57a | -6,924.14a |
| Net interest income | 13,183.31a | 12,449.91a |
| Fees received | 4,766.38a | 4,679.93a |
| Fees paid | -850.43a | -928.41a |
| Fee income | 3,915.95a | 3,751.53a |
| Net gains or losses resulting from net hedging positions | 0a | 0a |
| Net gains or losses on financial instruments at fair value through profit or loss | 827.8a | 215.85a |
| Net gains or losses on trading assets/liabilities | 726.97a | 193.41a |
| Net gains or losses on other assets/liabilities at fair value through profit or loss | 100.83a | 22.44a |
| Net gains or losses on financial instruments at fair value through other comprehensive income | 234.47a | 225.46a |
| Net gains or losses on debt instruments through other comprehensive income remuneration of equity instruments (dividends) through other comprehensive income (non-recyclable) | 234.47a | 225.46a |
| Net income from other activities | 1,091.93a | 901.38a |
| Expenses from other activities | -536.89a | -591.3a |
| Net banking income | 18,716.57a | 16,952.83a |
| General operating expenses | -7,760.57a | -7,899.39a |
| Depreciation, amortisation and impairment of intangible assets and property, plant and equipment | -929.47a | -900.26a |
| Gross operating income | 10,026.54a | 8,153.19a |
| Cost of risk | -3,177.6a | -2,758.29a |
| Operating income | 6,848.94a | 5,394.9a |
| Share of earnings of companies accounted for using the equity method | 141.15a | 142.67a |
| Net gains or losses on other assets | -9.81a | -22.34a |
| Pre-tax income | 6,980.28a | 5,515.23a |
| Corporate income tax | -2,004.17a | -1,436.72a |
| Net income | 4,976.11a | 4,078.51a |
| Non-controlling interests | 1,548.69a | 1,416.35a |
| Net income attributable to shareholders of the parent company | 3,427.42a | 2,662.16a |
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