Banks: Sharp drop of 36% in the consolidated profit of the Crédit du Maroc Group




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The consolidated profit of the Crédit du Maroc group (a Moroccan commercial bank founded in 1929 and controlled since April 2022 by the Moroccan family group Holmarcom) recorded a sharp drop of 36% at the end of the 2022 financial year compared to that of 2021. announced the leaders of this Casablanca-based banking establishment. This profit amounted to 404.3 million dirhams (38.812 million dollars) against 627 million dirhams (60.192 million dollars) in 2021. According to the Bank's management board, this contraction is mainly linked to charges non-recurring items recorded in 2022 and the base effect