BMCE Bank's Board of Directors, chaired by Mr Othman BENJELLOUN, met on Friday 24 November 2017 at the Bank's head office in Casablanca. It examined the accounts of the Bank and of the Group for the third quarter ended 30 September 2017.

The Q3 2017 financial accounts are published on the Bank's website https://www.bmcebank.ma/fr/communication-financiere

CONSOLIDATED ACCOUNTS

v + 3.1% growth in Consolidated Net Banking Income at DH 9.8 billion, driven by good growth in the net interest income (+ 6%) and net fee income (+ 13%), despite a -35%  decrease in income from market transactions after an exceptional performance in 2016.

v + 1.4% increase in Net Income Attributable to the Parent amounting to nearly DH 1.6 billion as of September 30, 2017.

v BMCE Bank Of Africa Group's Pan-African dimension bolstered as international operations account for 45% of the Net Income Attributable to the Parent as of September 30, 2017.

v Improvement of -17.4% in the Consolidated Net Cost of Risk amounting to DH 1.18 Billion versus DH 1.43 Billion as of September 30, 2016.

PARENT COMPANY

v Increase of +4.2% of Total Assets to reach DH 213.6 Billion.

v Continued gains in loans' and deposits' market shares exceeding for the first time the 15% mark in 2017; hence the loans' market share increased from 14.91% on December 31, 2016 to 15.66% on September 30, 2017 and the deposits' market share increased from 14.93% on December 31, 2016 to 15.06% on September 30, 2017.

v Net Income up +5.4% to DH 1,170 million at the end of September 2017 versus DH 1,110 million at September 30, 2016.

v Consolidation of the risk profile with (i) -22,5% decrease in the Net Cost of Risk amounting to DH 505 million compared to DH 652 million as of September 30, 2016 and (ii) + 23% increase of recovery to DH 386 million as of September 30, 2017.