SIn terms of profitability, the banks’ total result showed a recovery of 20.4% at the end of 2023 after a contraction of 13% in 2022, mainly thanks to the clear recovery in the result of market transactions”, BAM stated in a press release on September 19e CCSRS meeting.
In terms of solvency, the socially based banks achieved an average solvency ratio of 15.5% and an average Tier 1 capital ratio of 12.9%, higher than the legal minimum of 12% and 9% respectively, the same source reports, specifying that on a consolidated basis these ratios amount to 13.5% and 11.6%.
Furthermore, the macro solvency stress test continues to demonstrate the resilience of the banking sector in the face of scenarios simulating the deterioration of macroeconomic conditions. The short-term liquidity ratio remains at a comfortable level, above the regulatory threshold of 100%.
As regards financial market infrastructures, they continue to show strong resilience, both financially and operationally, and still pose a low level of risk to financial stability.
During this meeting, the Committee examined and adopted the Financial Stability Report for 2023 and took stock of progress on the Financial Stability Roadmap for 2022-2024.
He also reviewed the conclusions of the work of his monthly subcommittee, as well as the results of the systemic risk assessment, noting in this regard that the monitoring indicators continue to demonstrate the soundness and resilience of the Moroccan financial sector.