Cash flow statement at December 31, 2022 (thousand MAD)

Loans and advances to customers at December 31, 2022 (thousand MAD)

Breakdown of trading securities availableforsale securities and investment securities

by category of issuer at December 31 2022 thousand MAD

12/31/2022 12/31/2021

1. (+) Operating income from banking activities 17 226 152 16 735 909

2. (+) Amounts recovered on impaired loans 32 740 42 274

3. (+) Non-banking operating income 191 363 223 419

4. (-) Operating expenses on banking activities (*)-7 907 657-8 227 740

5. (-) Non-banking operating expenses

6. (-) General operating expenses-4 252 951-4 159 082

7. (-) Income tax-1 731 891-1 545 796

I. NET CASH FLOW FROM INCOME STATEMENT 3 557 756 3 068 984

Change in:

8. (±) Loans and advances to credit institutions and similar establishments

-6 167 656 7 480 636

9. (±) Loans and advances to customers-15 519 476-5 322 920

10. (±) Trading securities and available-for-sale securities 12 866 771-8 649 210

11. (±) Other assets-672 530 2 198 366

12. (±) Lease-financed fixed assets-16 104 368 114

13. (±) Amounts owing to credit institutions and similar establishments 2 633 061-7 333 471

14. (±) Customer deposits 12 795 306 15 940 631

15. (±) Debt securities issued-2 256 190-626 564

16. (±) Other liabilities-2 069 849-6 268 183

II. NET CHANGE IN OPERATING ASSETS AND LIABILITIES 1 593 333-2 212 601

III. NET CASH FLOW FROM OPERATING ACTIVITIES (I + II)5 151 089 856 383

17. (+) Income from the disposal of long-term investments 101 675

18. (+) Income from the disposal of fixed assets-117 152 1 453 610

19. (-) Acquisition of long-term investments-2 842 712-4 402 502

20. (-) Acquisition of fixed assets-800 392-693 474

21. (+) Interest received 295 140 267 921

22. (+) Dividends received 2 035 905 1 733 767

IV. NET CASH FLOW FROM INVESTMENT ACTIVITIES- 1 429 211-1 539 003

23. (+) Subsidies, public funds and special guarantee funds

24. (+) Subordinated loan issuance 2 000 000 1 000 000

25. (+) Equity issuance 2 094 351

26. (-) Repayment of shareholders’ equity and equivalent

27. (-) Interest paid-592 309-550 930

28. (-) Dividends paid-3 227 113-1 499 669

V- NET CASH FLOW FROM FINANCING ACTIVITIES-1 819 422 1 043 752

VI- NET CHANGE IN CASH AND CASH EQUIVALENTS 1 902 457 361 131

VII- CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 9 940 845 9 579 714

VIII- CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 11 843 302 9 940 845

(*) : including net provisions

LOANS AND ADVANCES public sector Financial companies

private sector

Total

12/31/2022

Total

12/31/2021

non-financial

companies

other customers

SHORT-TERM LOANS 4 897 343 3 300 085 51 203 265 3 059 615 62 460 308 51 335 583

- Current accounts in debit 525 833 1 025 085 13 222 757 2 236 263 17 009 938 14 680 431

- Commercial loans within Morocco 5 604 806 5 604 806 4 522 173

- Export loans 248 702 44 637 293 339 233 371

- Other cash loans 4 371 510 2 275 000 32 127 000 778 715 39 552 225 31 899 608

CONSUMER LOANS 334 676 12 291 861 12 626 537 12 046 738

EQUIPMENT LOANS 37 977 463 23 781 453 1 346 400 63 105 316 59 019 751

MORTGAGE LOANS 957 077 13 251 892 53 333 018 67 541 987 64 679 160

OTHER LOANS 13 947 840 2 538 841 12 027 16 498 708 17 249 694

RECEIVABLES ACQUIRED THROUGH FACTORING 8 951 955 1 032 605 22 556 10 007 116 11 869 529

INTEREST ACCRUED AWAITING RECEIPT 1 600 891 1 344 876

NON-PERFORMING LOANS 12 014 60 228 1 154 410 3 490 985 4 717 637 5 493 693

- Pre-doubtful loans 62 1 267 240 1 267 302 1 456 662

- Doubtful loans 396 485 732 486 128 230 999

- Impaired loans 12 014 60 228 1 153 952 1 738 013 2 964 207 3 806 032

TOTAL 52 795 852 17 308 153 93 297 142 73 556 462 238 558 500 223 039 024

LOANS AND ADVANCES

CREDIT INSTITUTIONS

AND SIMILAR ESTA

BLISHMENTS

PUBLIC ISSUERS

PRIVATE ISSUERS

12312022 12312021

FINANCIAL

NONFINANCIAL

COMPANIES

LISTED SECURITIES 179 18 333 761 15 911 18 349 851 18 399 452

Treasury bills and similar instruments

Bonds

Other debt securities

Fixed income Funds 179 18 333 761 15 911 18 349 851 18 399 452

Sukuk Certificates

UNLISTED SECURITIES 3 324 667 53 185 219 437 428 401 56 938 724 68 582 639

Treasury bills and similar instruments 51 769 078 51 769 078 60 904 394

Bonds 1 507 870 422 121 1 929 991 1 588 828

Other debt securities 1 816 126 1 374 679 3 190 805 6 005 888

Fixed income Funds 671 8 098 437 6 280 15 486 16 611

Sukuk Certificates 33 364 33 364 66 918

TOTAL 3 324 846 53 185 219 18 334 198 444 312 75 288 575 86 982 091