BCP reported 10.40 percent profit growth: analysts target BCP stock at MAD 263.00

Published on 10/14/2026 at 01:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BCP stock had first-half net profit of MAD 3.20 billion, up 10.40 percent. One analyst target is MAD 263.00 on October 9, 2026.

Profit and valuation markers

Banque Centrale Populaire reported 10.40 percent higher group net profit for the first half of 2026.
Consolidated net profit reached MAD 3.20 billion in the first half of 2026.
One analyst projected a MAD 263.00 12-month target on October 9, 2026.

BCP, MA0000011884, Illustration mit AI erstellt.

Banque Centrale Populaire (ISIN MA0000011884) reported a 10.40 percent increase in group net profit to MAD 3.20 billion for the first half of 2026. 7News Morocco reported the results on September 22, 2026, while Investing.com listed one analyst's average 12-month target at MAD 263.00 on October 9, 2026.

What supports the profit increase?

The earnings improvement came despite weaker market-related income. Consolidated net banking income fell 3.20 percent year over year to MAD 13.50 billion in the first half of 2026, down from MAD 13.90 billion.

Operating momentum was stronger in the core banking lines. Net interest income increased 5.90 percent and net commission income rose 9.10 percent during the same period, according to InfoMagazine Maroc on September 21, 2026.

Deposits and loans expand

Customer deposits reached MAD 429.50 billion at the end of June 2026, an increase of 9.00 percent from the same period of 2025. Gross customer loans rose 5.70 percent to MAD 337.50 billion, showing that balance-sheet expansion continued even as market income normalized.

The earnings mix is therefore important for assessing BCP. Profit growth was supported by interest and commission income, while the decline in net banking income shows that the comparison with the unusually strong market activity of 2025 remains a counterweight.

What does the target imply?

The MAD 263.00 analyst target provides a dated valuation marker for the Casablanca-listed bank, but it is not a company forecast. The published estimate is based on one analyst and should be read alongside the first-half figures rather than as a consensus across a broad analyst group.

Results and valuation markers

The September 18, 2026 board review set the reporting reference for the first-half accounts, while the results coverage dated the disclosed figures to the six months ended June 2026. BCP's next market assessment will depend on whether deposit and loan growth can offset the lower contribution from market activities.

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