Barid Bank’s Supervisory Board convened on Friday to review the institution’s financial performance through March 31, 2025.
The bank reported strong commercial and financial results, driven by the continued rollout of its ambitious strategic plan.
Net banking income surged by 63.5% to reach 1.21 billion dirhams, supported by a 168.6% increase in market activities, a 13.8% rise in interest margins, and a 1.4% boost in commission margins.
Operating income climbed 121.4% year-on-year to 823.5 million dirhams, as the cost-to-income ratio improved significantly to 33.4%.
The quarter closed with a net profit of 442.6 million dirhams, marking a sharp 118.3% increase compared to the same period last year.
The Board praised the results, reaffirming the effectiveness of the bank’s governance model and strategic direction. It also expressed gratitude to staff for their efforts and to customers for their continued trust.
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