Other income and expenses at December 31, 2022 (thousand MAD

OTHER BANKING INCOME AND EXPENSES 12/31/2022 12/31/2021

Other banking income 3 994 962 3 880 397

Other banking expenses 3 503 930 2 910 247

TOTAL 491 032 970 150

OTHER NON-BANKING INCOME AND EXPENSES 12/31/2022 12/31/2021

Non-banking operating income 64 805 880 682

Non-banking operating expenses 1 174 529 912

TOTAL 63 631 350 770

Provisions and losses on irrecoverable loans 2 771 877 5 490 146

Provision write-backs and amounts recovered on impaired loans 429 894 2 700 990

NON-CURRENT INCOME AND EXPENSES 12/31/2022 12/31/2021

Non-current income 129 794 130 367

Non-current expenses 506 501 383 568

Reconciliation of net income for accounting and tax purposes at December 31, 2022 (thousand MAD)

Reconciliation statement Amount Amount

I- NET INCOME FOR ACCOUNTING PURPOSES 4 234 840

. Net profit 4 234 840

. Net loss

II- TAX WRITE-BACKS 2 618 422

1- Current 2 618 422

- Income tax 1 731 891

- Non deductible allowances for bad debts 33 970

- General provisions 593 895

- Provisions for pensions and similar obligations 42 961

- Other provisions 2 000

- Non deductible extraordinary expenses 2 107

- Social solidarity contribution 208 891

- Personalized gifts 2 707

2- Non current

III - FISCAL DEDUCTIONS 2 172 475

1- Current 2 172 475

- 100% allowance on income from investments in affiliates 1 995 629

- Write-back for pensions and similar obligations 45 364

- Write-back for other provisions 131 483

2- Non-current

TOTAL 6 853 262 2 172 475

IV- GROSS INCOME FOR TAX PURPOSES 4 680 787

. Gross profit for tax purposes if T1 > T2 (A) 4 680 787

. Gross loss for tax purposes if T2 > T1 (B)

V- TAX LOSS CARRY FORWARDS (C) (1)

. Financial year Y-4

. Financial year Y-3

. Financial year Y-2

. Financial year Y-1

VI - NET INCOME FOR TAX 4 680 787

. Net profit for tax purposes (A - C)4 680 787

. Net loss for tax purposes (B)

VII - ACCUMULATED DEFERRED DEPRECIATION

VIII - ACCUMULATED TAX LOSSES TO BE CARRIED

. Financial year Y-4

. Financial year Y-3

. Financial year Y-2

. Financial year Y-1

1 up to the value of gross profit for tax purposes A

Determination of income after tax from ordinary activities at December 31 2022 thousand MAD

I DETERMINATION OF INCOME MONTANT

Income from ordinary activities after items of income and expenditure

6 343 438

Tax writebacks on ordinary activities 886 531

Tax deductions on ordinary activities 2 172 475

Theoretical taxable income from ordinary activities 5 057 494

Theoretical tax on income from ordinary activities 1 871 273

Income after tax from ordinary activities 4 472 165

II SPECIFIC TAX TREATMENT INCLUDING BENEFITS GRANTED BY INVESTMENT CODES UNDER SPECIFIC LEGAL PROVISIONS