The Head of Government Chairs Supervisory Board Meeting of Crédit Agricole du Maroc
The Head of Government, Aziz Akhannouch, chaired on Wednesday in Rabat a meeting of the Supervisory Board of Crédit Agricole du Maroc, dedicated to presenting the bank’s activities and results, as well as its work program for the coming years.
According to a statement from the Head of Government’s Office, Mr. Akhannouch, at the beginning of the meeting, commended the bank’s continued commitment to its role as an institution that supports and accompanies rural communities and contributes to economic development. He highlighted the High Royal Directives regarding the implementation of the support program for livestock breeders and the rebuilding of the national herd, especially considering that the easing and rescheduling of breeders’ debts are key components of the program that the government has begun to implement.
The statement added that during the meeting, participants praised Crédit Agricole du Maroc for achieving a net banking income of 4.5 billion dirhams as of December 31, 2024, in addition to maintaining effective control over operating costs.
The bank’s consolidated net banking income improved by 28%, with the standalone net banking income rising by 32%. This outstanding financial performance was further confirmed at the end of the first quarter of 2025, as the institution recorded strong results aligned with its planned objectives.
The statement also noted that the Supervisory Board took note of and approved the bank’s work program, which aims to enhance the institution’s financial soundness and sustainability while continuing to provide public services. The implementation of the bank’s action plan will take place under an agreement between the State, Crédit Agricole du Maroc, and the National Agency for Strategic Management of State Holdings and Monitoring the Performance of Public Institutions and Enterprises.
The Supervisory Board affirmed that the cost of the livestock breeders support program and the national herd rebuilding initiative—estimated at over 700 million dirhams—will be covered by the State budget. The operation targets 50,000 breeders and clients of Crédit Agricole du Maroc, with a series of credit-related facilitations to be introduced.
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