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Morocco
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Banque Centrale Populaire (البنك الشعبي المركزي)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banque Centrale Populaire (البنك الشعبي المركزي)

Headquarters
P.O. Box 10622, 101 Boulevard Mohamed Zerktouni, Casablanca 20100.; Casablanca; Grand Casablanca
Status: Listed
Operational Status: Operational
Financial Auditors: Price Waterhouse / Mohamed Raïs (2006)
Incorporation Date: May 24, 1961
Total Employees: 10,076

Tel: (212) 522 46 91 00

Company Description

Banque Central Populaire (BCP) had been introduced by Dahir (royal decree) in Morocco in 1926. After the independence, the government started to establish the first milestones of banking and finance of Morocco. In 1961, they had redesigned Crédit Populaire du Maroc (CPM), dedicating it to the development of SMEs. This reform strengthened the organizational model of the CPM. Now CPM has a steering committee formed of both Banque Central Populaire (BCP) and Banque Populaire Régionales (BPR). The
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 21.64%, from MAD 7,522,157 thousands to MAD 9,150,279 thousands. The results of the period increased 0.52% reaching MAD 1,651,660 thousands at the end of the period against MAD 1,643,050 thousands last year. Return on equity (Net income/Total equity) went from 13.25% to 12.15%, the Return On Asset (Net income / Total Asset) went from 1.27% to 1.12% and the Net Profit Margin (Net Income/Net Sales) went from 21.84% to 18.05% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 983.86% compared to 946.69% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.81 to 0.81 when compared to the previous year.

Key Executives

Mr.Mohamed Benchaaboun Chairman
Mohamed Karim MOUNIR General Manager in charge of General Secretariat
Rachid AGOUMI General Manager in charge of Corporate & International Bank

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Balance Sheet

Total Assets

147,311,500

129,758,318

Current Assets

102,987,527

88,870,222

Total Liabilities

133,720,174

117,361,340

Shareholders Equity

13,591,326

12,396,978

Current Liabilities

126,648,246

109,873,108

* All the accounts are in MAD.
Income Statement

Total Operating Revenue

9,150,279

7,522,157

Net Profit (Loss)

1,651,660

1,643,050

* All the accounts are in MAD.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.12%

1.27%

Annualised Return on Assets (ROA)

1.12%

1.27%

Return on Equity (ROE)

12.15%

13.25%

Annualised Return on Equity (ROE)

100.52%

24.46%

Return on Sales (ROS)

18.05%

21.84%

Gross Profit Margin

100%

100%

Efficiency Ratios

Current asset turnover

0.09x

0.08x

Fixed-asset turnover

0.21x

0.18x

Asset Turnover

0.06x

0.06x

Valuation figures and ratios

EBITDA

1,048,890

742,760

Enterprise value

101,871,533

93,965,139

Enterprise Value / EBITDA

97.12

126.51

Bookvalue (BV)

13,591,326

12,396,978

Net Cash

-101,871,533

-93,965,139

Liquidity Ratios

Current Ratio

81.32%

80.88%

Quick ratio

81.32%

80.88%

Doom's day ratio

25.15%

21.29%

Cash Flow to Debt

-7.19%

-2.85%

Leverage Ratios

Leverage ratio

1,083.86%

1,046.69%

Debt to equity

983.86%

946.69%

Debt to total assets

90.77%

90.45%

Long Term Debt to Capital

34.22%

37.66%

Trend Ratios

Revenue Trend

121.64%

128.24%

Net Income Trend

100.52%

143.89%