BCI stock gained 4.06 percent while first-half profit rose 62.4 percent

BCI stock (ISIN MA0000010811) was last at MAD 564.00 on the Casablanca Stock Exchange on October 7, 2026, up 4.06 percent from the prior session. The listed Moroccan bank Banque Marocaine pour le Commerce et l'Industrie paired that market move with a sharp increase in first-half profit. According to Jihat on September 28, 2026, consolidated net income rose 62.4 percent to MAD 354 million in the first half of 2026 from MAD 218 million in the same period of 2025.

Profit growth came with lower risk costs

The earnings improvement was supported by a 62.3 percent decline in consolidated cost of risk to MAD 150 million from MAD 397 million a year earlier, according to Jihat. Pre-tax profit increased 71.6 percent to MAD 661 million, while the consolidated banking income rose 0.9 percent to MAD 2.01 billion.

The mix matters for investors because the profit increase was faster than operating-income growth. The social-accounts net income rose 10 percent to MAD 322 million from MAD 292 million, showing that the consolidated result was not the only improving earnings measure.

Loans and deposits continued to expand

BMCI's consolidated cash loans reached MAD 59.37 billion at the end of June 2026, compared with MAD 58.83 billion at the end of December 2025, a 0.9 percent increase. Consumer-loan disbursements rose 14 percent year over year to MAD 5.35 billion, according to Jihat.

Customer deposits stood at MAD 51.67 billion at the end of June, up 2.2 percent from December 2025. Hespress reported that non-interest-bearing resources represented 82 percent of BMCI's deposits at that point.

Analyst target reaches MAD 700

According to Le Nouvelliste on September 11, 2026, Attijari Global Research maintained a buy recommendation and raised its BMCI price target to MAD 700 from MAD 610 at August 31. The MAD 700 target lies 24.1 percent above the October 7 price of MAD 564.00.

The same analyst view projected net profit of MAD 524 million for 2026, MAD 548 million for 2027 and MAD 581 million for 2028. It also projected a 3.5 percent decline in net banking income in 2026, making the durability of lower risk costs a key variable for the valuation.

BCI stock gained 4.06 percent

BCI opened at MAD 551.00 and reached a session high of MAD 564.00 on October 7, 2026, with a session low of MAD 551.00 and volume of 636 shares. The price action therefore ended at the day's high while the earnings profile showed faster profit growth than banking-income growth.

BCI stock was last at MAD 564.00 on the Casablanca Stock Exchange on October 7, 2026. The next market signal is whether lending growth and credit costs can support earnings after the first-half improvement.

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