This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress / Communiqué
Under the chairmanship of Mr. Lotfi Sekkat, the CIH BANK board of directors met in its two sessions, Wednesday, February 26, 2025 and Tuesday March 11, 2025, in order to examine the activity as well as the social and consolidated results arrested on December 31, 2024, in addition to the various points registered on his agenda.
The results recorded a significant progression, so according to commercial results:
• Customer deposits: Customer deposits experienced a net collection of 10.3 billion dirhams, marking an increase of +13.9 % compared to December 2023.
• Customer credits: The consolidated credit outstandings increased by +11.5 % compared to December 2023.
• Results indicators: At the end of December 2024, the consolidated net banking product (PNB) stood at 4,739.5 million dirhams, recording growth of 6.1 % compared to December 2023.
The CIH Bank group continued its development strategy by expanding its economy financing activities while emphasizing financial inclusion and consolidating its positioning as a digital bank. This dynamic resulted in a strengthening of proximity to its customers, in particular through the opening of 19 new agencies and the installation of 228 additional automatic counters. Thus, the group now has 427 agencies and 1,072 GAB.
The strategic partnerships established by the group’s entities help improve the accessibility of services and offer personalized support to customers. These partnerships promote
Also innovation, allow an optimized and digital customer experience. This continuous development is supported by an information systems security policy with the best international standards.
As part of supporting activity development and equity strengthening, the CIH BANK group has increased its capital in cash by 350 million dirhams and has carried out subordinate bond emissions of 1 billion dirhams for CIH BANK and 250 million dirhams for SOFAC.
