African Markets Review 07 31 18
BMCE BANK: Publication of Q1 2018 results showing:
- An increase of 6.2% in consolidated net banking income to MAD 3,226.5m;
- A rise of 7.7% in the cost of risk to MAD 494.9m;
- And, a growth of 0.7% of the NIGS to MAD 441.1m;
In Tunisia, ATELIERS MÉCANIQUES DU SAHEL recorded a turnover of TND 5.1m in Q2 2018 thus recording a growth of 125% compared to the same period last year;
Egypt will receive USD 45m in funding from the United States to finance economic reforms, according to the business press;
Among the African markets, the Nigerian stock market recorded the highest daily performance (+1.23%), while the BRVM recorded the lowest one (-0.78%).
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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