The banking sector remains strong and resilient

The Systemic Risk Coordination and Surveillance Committee (CCSRS) held its 14th meeting Thursday at the headquarters of Bank Al-Maghrib (BAM). It shows that the banking sector remains solid and resilient in terms of profitability, liquidity and solvency.

“After a contraction observed in 2020, the cumulative net income of banks experienced, for the 2021 financial year, a rebound of 76.4%. The short-term liquidity ratio is at comfortable levels,” notes BAM in a press release on this meeting.

In terms of capitalization, the solvency and Tier 1 capital ratios at the end of 2021 stood at 15.8% and 12%, on a corporate basis, for regulatory minima of 12% and 9%. On a consolidated basis, these ratios stand at 13.9% and 11.2% respectively. The solvency macro stress test exercise carried out by Bank Al-Maghrib in June 2022 shows the resilience of the banking sector in the face of scenarios simulating the deterioration of macroeconomic conditions.

The CCSRS reviewed and approved the report on financial stability for the year 2021 and took stock of the progress of the financial stability roadmap covering the period 2022-2024.

It also reviewed the summary of the monthly work of its representatives held since the start of the health crisis. The monitoring indicators examined so far continue to show the resilience of the financial sector in the face of the aftermath of this crisis.

The Committee also took stock of the progress of the action plan relating to the implementation of the recommendations of the Financial Action Task Force (FATF) and the Middle East Financial Action Task Force. and North Africa (GAFIMOAN) in the fight against money laundering and the financing of terrorism and took note of the progress made while recommending to continue the mobilization for its finalization within the time limits.


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