The Head of Government chairs the supervisory Board meeting of Crédit Agricole du Maroc

The Head of Government, Mr. Aziz Akhannouch, chaired a meeting of the supervisory Board of Crédit Agricole du Maroc on Wednesday, June 25, 2025, in Rabat. The session was dedicated to presenting the bank’s activities and reviewing its action plan for the coming years.
At the outset of the meeting, the Head of Government praised the commitment of the Crédit Agricole du Maroc Group to its mission as an institution supporting and assisting rural communities and contributing to economic development. He recalled the Royal Directives concerning the implementation of the support program for livestock breeders and the rebuilding of the national herd. This includes, in particular, the easing and restructuring of breeders' debts—one of the program’s main pillars that the government has already begun to implement.
The meeting was also an opportunity to commend the bank’s achievement of a Net Banking Income (NBI) of 4.5 billion dirhams as of December 31, 2024, combined with effective control of operating expenses. Consolidated Net Banking Income recorded a 28% increase, while the Standalone Net Banking Income rose by 32%. This financial performance was confirmed in the first quarter of fiscal year 2025, during which Crédit Agricole du Maroc delivered results aligned with its strategic goals.
The supervisory Board also acknowledged and approved the bank’s action plan, which aims to sustainably strengthen the institution’s financial resilience while continuing to fulfill its public service mission. This action plan will be implemented under a memorandum of understanding between the State, Crédit Agricole du Maroc, and the National Agency for the Strategic Management of State Holdings and the Monitoring of the Performance of Public Institutions and Enterprises.
The supervisory Board noted that the cost of the support program for livestock breeders and the reconstruction of the national herd will be covered by the State budget, amounting to over 700 million dirhams. The operation targets 50,000 clients and breeders of Crédit Agricole du Maroc and includes credit facilities.