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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Banque Marocaine du Commerce Exterieur (البنك المغربي للتجارة الخارجية)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Banque Marocaine du Commerce Exterieur (البنك المغربي للتجارة الخارجية) Headquarters P.O. Box 13425, Banque Marocaine du Commerce Exterieur Building, 140 Avenue Hassan II, Casablanca 20001.; Casablanca; Grand Casablanca |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: Grant Thornton (2012) Incorporation Date: January 1, 1959 Total Employees: 4,009 Tel: 212 522200492/6/4 |
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Company Description |
| Banque Marocaine du Commerce Exterieur (BMCE) was established on September 1, 1959, to promote overseas trade and finance the import and export activities of Moroccan industry. In 1975, BMCE is listed in Casablanca Stock Exchange. It operates both domestically and internationally through its network of branches. BMCE offers a range of financial, investment and insurance products and services to individuals, professionals and corporate clients, among others. The Bank's portfolio of products include | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 7.04%, from MAD 7,236,779 thousands to MAD 7,746,501 thousands. The results of the period increased 188.99% reaching MAD 1,507,754 thousands at the end of the period against MAD 521,741 thousands last year. Return on equity (Net income/Total equity) went from 4.76% to 14.43%, the Return On Asset (Net income / Total Asset) went from 0.39% to 0.72% and the Net Profit Margin (Net Income/Net Sales) went from 7.21% to 19.46% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1890.10% compared to 1127.41% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
230,889,486 |
207,988,138 |
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Current Assets |
225,757,958 |
202,924,012 |
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Total Liabilities |
212,475,957 |
197,537,004 |
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Shareholders Equity |
18,413,529 |
10,451,134 |
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| * All the accounts are in MAD. | ||
Income Statement
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Total Operating Revenue |
10,822,706 |
9,350,022 |
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Operational Profit (Loss) |
2,475,657 |
2,143,654 |
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Net Profit (Loss) |
1,579,461 |
1,507,754 |
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| * All the accounts are in MAD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.68% |
0.72% |
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Annualised Return on Assets (ROA) |
0.68% |
0.72% |
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Return on Equity (ROE) |
8.58% |
14.43% |
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Annualised Return on Equity (ROE) |
15.11% |
13.76% |
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Return on Sales (ROS) |
14.59% |
16.13% |
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Return on Capital |
1.07% |
1.03% |
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Gross Profit Margin |
110.23% |
109.33% |
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Operating Profit Margin |
22.87% |
22.93% |
| Efficiency Ratios | ||
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Current asset turnover |
0.05x |
0.05x |
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Fixed-asset turnover |
2.11x |
1.85x |
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Asset Turnover |
0.05x |
0.04x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
2,475,657 |
2,143,654 |
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EBITDA |
6,481,541 |
5,396,549 |
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Enterprise value |
202,553,757 |
163,407,756 |
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Enterprise Value / EBITDA |
31.25 |
30.28 |
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Bookvalue (BV) |
17,662,074 |
9,806,053 |
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Net Cash |
-202,553,757 |
-163,407,756 |
| Leverage Ratios | ||
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Leverage ratio |
1,253.91% |
1,990.1% |
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Debt to equity |
1,153.91% |
1,890.1% |
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Debt to total assets |
92.02% |
94.98% |
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Long Term Debt to Capital |
92.02% |
94.98% |
| Trend Ratios | ||
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Revenue Trend |
115.75% |
129.2% |
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Net Income Trend |
104.76% |
288.99% |
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Operating Income Trend |
115.49% |
103.15% |
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