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Société Générale Morocco transitions to Saham Group amid mixed financial results

Société Générale Maroc has undergone a significant transition with its acquisition by the Saham Group, marking the end of Société Générale's presence in Morocco. Despite a 41.61% drop in net income to 795 million dirhams due to exceptional charges, the bank reported strong business activity, with deposits rising by 8.94% to 80.1 billion dirhams and outstanding loans at 93.9 billion dirhams. The bank maintains robust prudential ratios, positioning itself for future growth under new ownership.
@yabiladi_fr
Moroccan Dirham MAR Moulay Hafid Elalamy
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16:30 28.03.2025
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