The monitoring indicators continue to date to highlight the proven resilience of the banking, insurance, financial market infrastructure and capital market sectors. This is the point made by the Systemic Risk Coordination and Surveillance Committee (CCSRS), meeting this Tuesday in Rabat.

Despite the difficult context linked to the health crisis, the insurance sector has shown, overall, its resilience and the solidity of its technical fundamentals. In a press release on the 13th meeting of the CCSRS, Bank Al-Maghrib (BAM) indicates that the macro stress test exercise carried out by BAM on the basis of the economic projections of June 2021 continues to demonstrate to this date the ability of banks to coping with the shock caused by the new coronavirus (Covid-19) crisis and maintaining compliance with regulatory requirements, thanks in particular to the capital buffers they have built up in recent years and the application by the banking sector the Central Bank's recommendation not to distribute dividends. Despite the good performance of the operating margin, net income fell 21% to stand at 2.9 billion dirhams. In the same direction, the return on equity (ROE) fell in 2020 to stand at 7.3%.