CDG Capital: Strong Profit Growth in the First Half of the Year

CDG Capital's market activities, management, and custodial services have capitalized on favorable market conditions. The advisory and financing sectors successfully supported both public and private operators, contributing to the development of the Kingdom's infrastructure. Consolidated net banking income (NBI) reached MAD 497 million, up from MAD 177 million the previous year. This increase reflects strong performance across all banking sectors, which contributed MAD 134 million, as well as contributions from subsidiaries CDG Capital Gestion and CDG Capital Bourse, which added MAD 39 million. Additionally, the integration of Ajarinvest into the consolidation perimeter from October 2024 contributed MAD 147 million. General operating expenses, including depreciation, amounted to MAD 162.5 million, compared to MAD 121.6 million in the first half of 2024. This reflects effective management in relation to growth and budgetary objectives. Consequently, the group's net profit (GNP) stood at MAD 175.2 million, a significant increase from MAD 33.6 million at the end of June 2024. On a standalone basis, the accounts as of June 2025 show a 92.5% increase in NBI to MAD 284.3 million, with a net profit of MAD 125.2 million compared to MAD 58.5 million in 2024. The bank's prudential equity increased by 53% to MAD 2.6 billion, while the CET 1 and solvency ratios reached 12.6% and 24%, respectively. Additionally, the short-term liquidity ratio (LCR) was 137% at the end of June 2025.