BMCI reports 62.40 percent profit growth: what it means for BMCI stock

Published on 10/19/2026 at 01:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMCI net income rose 62.40 percent in the first half of 2026. For BMCI stock, net banking income reached MAD 2.01 billion during the same period.

Profit and balance sheet signals

BMCI reported MAD 354 million in consolidated net income for the first half of 2026 on September 28, 2026.
Net banking income reached MAD 2.01 billion, while customer deposits totaled MAD 51.67 billion at the end of June 2026.
BCI stock closed at MAD 551.00 on October 2, 2026, after a 5.80 percent decline.

BCI, MA0000010811, Illustration mit AI erstellt.

BMCI (MA0000010811) reported consolidated net income of MAD 354 million for the first half of 2026, up 62.40 percent from the same period of 2025, according to Walaw Press on October 5, 2026. The result gives BCI stock a sharper earnings backdrop after a volatile period for Moroccan bank shares.

Profit growth came with lower risk costs

The improvement was driven in part by a substantial reduction in the cost of risk, while consolidated net banking income reached MAD 2.01 billion in the first half of 2026. The same report said customer deposits totaled MAD 51.67 billion at the end of June, 2.20 percent above December 2025, with non-interest-bearing resources accounting for 82.00 percent of deposits.

A separate report by Jihat dated September 28, 2026, put consolidated net income at MAD 354 million versus MAD 218 million a year earlier. It also reported social-account net income of MAD 322 million, compared with MAD 292 million in the prior-year period.

What does the earnings improvement mean?

The answer is that credit and funding metrics now matter alongside the headline profit increase. Cash loans to customers reached MAD 59.37 billion at the end of June 2026, compared with MAD 58.83 billion at the end of December 2025, a 0.90 percent increase, while the coverage rate reached 82.80 percent versus 80.60 percent a year earlier.

Three dated signals for BCI

On September 28, 2026, the latest quarterly data listed earnings per share of MAD 14.64 and revenue of MAD 903 million for the period ending June 2026, according to Investing.com. On October 2, 2026, BCI stock fell 5.80 percent to MAD 551.00 at the Casablanca Stock Exchange. On October 5, 2026, Walaw Press highlighted the MAD 354 million first-half profit and the MAD 2.01 billion net banking income.

Next dates to watch

BNP Paribas, BMCI's parent group, scheduled third-quarter 2026 results for October 28, 2026, according to its investor calendar. That date is a group reporting event rather than a confirmed standalone BMCI reporting date, but it provides the next dated earnings marker for the wider group relationship.

Stock context stays tied to earnings quality

For investors, the strongest signal is the combination of a 62.40 percent profit increase and a 0.90 percent rise in customer loans. The next assessment will depend on whether lower risk costs continue to support earnings while deposits and credit expand.