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 2022thousand 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