Bank of Africa reported group and parent earnings results for the year ended 31 December 2019. 5% growth in net income attributable to shareholders of the parent company to MAD 1.9 billion with Moroccan operations contributing 60% and the international business 40%, comprising Africa (33%) and Europe (7%). Consolidated net banking income up 5% to MAD 13.9 billion, primarily due to growth in income from market operations and fee income. On parent company basis, the company’s 2% growth in the Banking in Morocco business' net income to MAD 1.4 billion. Parent net banking income up 7.6% a healthy performance by market operations and 6.7% growth in fee income.