During the board meeting of the Moroccan banking group Bank of Africa (BOA), held on Friday, March 27, 2026, the institution proposed to increase the group's capital by 1.091 billion dirhams (approximately $116.5 million).

The capital increase will be carried out through "incorporation of reserves leading to the allocation of free shares." It will be subject to shareholder approval at the next extraordinary general meeting. According to information, the operation will not involve a cash contribution but will consist of converting a portion of the reserves into share capital.

These decisions are based on robust financial performance. The group's net income reached 3.8 billion dirhams in 2025, an increase of 11%. The consolidated net banking income (NBI) stood at 20.3 billion dirhams, up 9%, driven by the increase in interest margin, commissions, and results from market operations.

The group is also continuing its digital transformation, with 93% of simple operations now carried out via digital channels and a 177% increase in online consumer credit production.