Disappointing figures
According to Q1 2015 figures, the bank connects its down series. The bank posted a decline in its net profit by 42.9% to MAD44M, yoy. The NBI recorded a slight increase by only 1.3% to MAD531.07M, yoy. This slight improvement was absorbed by the cost of risk which jumped 42.1% to MAD172.3M, yoy. This increase is explained by a rigorous coverage of non-performing loans. The bank's operating ratio worsened from 47%, in Q1 2014, to 49.2% in Q1 2015.
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