BANK OF AFRICA 31 DECEMBER 2022
POSITIVE GROWTH IN OPERATING
INDICATORS DESPITE A CHALLENGING
ENVIRONMENT
Contents
FINANCIAL YEAR 2022 : MAIN TAKEAWAYS
MACROECONOMIC ENVIRONMENT AROUND THE WORLD AND IN AFRICA
MACROECONOMIC ENVIRONMENT IN MOROCCO
MOROCCAN BANKING INDUSTRY
FINANCIAL PERFORMANCE 2022
A SOCIALLY RESPONSIBLE BANK
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MAIN TAKEAWAYS 2022
Robust economic support initiatives 1/2
Ongoing support by BANK OF AFRICA for the INTELAKA programme with almost 3,000 applications approved and more than MAD 700 million disbursed in the year ended 31 December 2022, up +11.3%, with the programme benefiting from the introduction of an online application facility via a dedicated website and mobile app
Strategic partnerships signed between BANK OF AFRICA and
SANAD for a EUR 25 million finance line and between BANK OF
AFRICA and the International Finance Corporation (IFC) for a USD
154 million loan facility to support small and medium-sized enterprises
More than 12,000 young people made aware about entrepreneurship as part of the SMART Bank Open Innovation Regional Programme organised across the entire Kingdom and 200 hours of training given to more than 500 entrepreneurs in 12 regions; the 2022 programme, in its 5th year, focused on specific regional themes and brought together 23 partner organisations including training establishments, OFPPT institutes' regional divisions, regional investment centres, regional councils and the CISE Cluster
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Robust economic support initiatives 2/2
More than 4,000 small businesses and self-employed
entrepreneurs (auto-entrepreneurs) supported since the Entrepreneurship Club was launched, targeting the Kingdom's 12 regions; 10 modules on offer and 25 partner organisations involved, helping generate 500 jobs
Blue Space network supporting more than 120 incubated projects
since the former's launch in partnership with ISCAE Group, UEMF and FSJESAC, as a function of entrepreneurs' respective goals and project status - BlueSpace Idea Generation & Pre-incubation,
BlueSpace Incubation, BlueSpace Network, and BlueSpace Growth & Funds - resulting in 7 company formations, 3 patents and 4 go-to-marketstrategies
Integrated programme promoting regional investment via a series of regional investment seminars and training to improve investors' entrepreneurial skills in addition to a series of online conferences, 'Entrepreneurship Meetings', attended by more than
2,700 participants
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Bank of Africa published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 09:33:10 UTC.
