CIH Bank: Profits Surge by 40% in the First Half of 2025

In the first half of 2025, CIH Bank Group continued to implement its development plan aimed at supporting growth, accelerating digital transformation, and enhancing customer relations. This momentum was reflected in a closer connection with clients, marked by the opening of seven new branches and the installation of 80 additional ATMs, bringing the Group's network to 434 branches and 1,152 ATMs. In line with this strategy, a new Northern Regional Directorate was inaugurated in Tangier, which includes a Corporate agency and a Private Banking center offering personalized and local support. Additionally, on June 20, 2025, CIH Bank received approval from the Moroccan Capital Market Authority (AMMC) for a cash capital increase of 1,471 million MAD. This operation was highly successful, with a subscription rate of 3.9 times. The aim of this operation is to support the development of CIH Bank's activities and strengthen its equity. On the commercial front, customer deposits reached 89.7 billion MAD by the end of June 2025, an increase of 5.2 billion MAD compared to December 2024, representing a growth of 6.1%. Most of these deposits came from CIH Bank, with a total of 77.9 billion MAD, reflecting a growth of 5.9%. UMNIA Bank contributed 7.0 billion MAD, showing a growth of 10.9% during the same period. Consolidated credit balances amounted to 92.9 billion MAD, marking a 9.9% increase compared to December 2024. Individually, CIH Bank's loans reached 73.8 billion MAD, while SOFAC and UMNIA Bank contributed 19.1 billion MAD and 9.9 billion MAD, respectively. Furthermore, the total consolidated balance sheet stood at 149.4 billion MAD, up 6.0% from December 2024. As of the end of June 2025, the consolidated Net Banking Income (NBI) reached 2,748.1 million MAD, reflecting a 17.8% increase compared to the same period in 2024. This growth is attributed to the evolution of the group's interest margin and the bank's market activity. On an individual basis, CIH Bank's NBI reached 1,979.7 million MAD, registering a growth of 13.8% compared to June 2024. In line with projections, the consolidated cost of risk reached 582.3 million MAD, compared to 517.3 million MAD in June 2024. On a social basis, the cost of risk stood at 457.3 million MAD, up from 368.6 million MAD a year earlier. By the end of June 2025, the consolidated net profit amounted to 673.4 million MAD, reflecting a 42.5% increase compared to the same period in 2024. The Group's net profit reached 615.4 million MAD, compared to 442.2 million MAD at the end of June 2024, indicating a growth of 39.2%. On a social basis, the net profit stood at 635.0 million MAD at the end of June 2025, compared to 470.3 million MAD a year earlier, representing an increase of 35.0%.