Morocco's BCE posts 18% rise in H1 earnings

Mubasher: Banque Marocaine du Commerce Exterieur (BCE) reported an 18% increase in H1-15 net earnings to MAD 1.1 billion ($114 million), which was ascribed to a decrease in provisions and bad loans.

The lender's provisions declined 24% to MAD 806 million.

Bad loans reached MAD 7.3 billion, compared with MAD 6.8 billion at the end of 2014.

Mubasher Contribution Time: 22-Sep-2015 10:51 (GMT)