March 21, 2017 / 8:39 AM / 9 months ago

Morocco's Banque Centrale Populaire says net profit rose 5.3 pct in 2016

RABAT, March 21 (Reuters) - Banque Centrale Populaire (BCP), one of Morocco’s three biggest lenders, reported a 5.3 percent rise in net profit attributable to shareholders in 2016 to 2.64 billion dirhams ($265 million).

The increase was due to greater banking activity in its international subsidiaries, the lender said in a statement on Tuesday. (Reporting by Samia Errazzouki, editing by Louise Heavens)

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