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Economy

Morocco's Bank of Africa reports 26% rise in first-quarter profit

Date: May 29, 2025

Bank of Africa, Morocco's third-largest lender, reported a 26% increase in profit attributable to shareholders to 920 million Dirhams ($99.5 million) in the first quarter, driven by a rise in net banking income.

Net banking income rose 11% to 5 billion Dirhams ($1.35 billion), the bank said, noting an improvement in interest and fee margins.

--Reuters--