Marrakech – CIH Bank’s consolidated net profit attributable to the group (RNPG) crossed the MAD 1 billion ($100 million) mark for the first time in 2025. The figure reached MAD 1.089 billion ($108.9 million), up 24.4% from MAD 875.9 million ($87.6 million) a year earlier.
Total consolidated net income climbed 26.3% to MAD 1.22 billion ($122 million), compared to MAD 966 million ($96.6 million) at the end of December 2024. On a standalone basis, net income rose 22.5% to MAD 918.7 million ($91.9 million) from MAD 750 million ($75 million).
The board of directors, chaired by Lotfi Sekkat, met on March 4 and March 13 to review the results. It approved a proposed dividend of MAD 14 per share, subject to approval at the ordinary general assembly.
Consolidated net banking income (PNB) stood at MAD 5.42 billion ($542 million), a 14.4% increase over 2024. The growth was driven by a 12.9% improvement in net interest margin, a 9.4% rise in net commission margin, and a 14% gain in market activity income.
The PNB structure remained stable. Net interest margin contributed 62%, market operations 21%, and commissions 9%. On a standalone basis, PNB reached MAD 4.21 billion ($421 million), up 10.2%.
Customer deposits recorded a net collection of MAD 15 billion ($1.5 billion), pushing total consolidated deposits to MAD 99.5 billion ($9.95 billion). That represents a 17.8% jump from MAD 84.5 billion ($8.45 billion) at end-2024. Demand deposits made up 86% of total deposits and grew 20.1%. On an individual basis, CIH Bank held MAD 85.4 billion ($8.54 billion) in deposits while its subsidiary Umnia Bank contributed MAD 7.9 billion ($790 million).
Consolidated customer loans expanded 16.7% to MAD 118.1 billion ($11.81 billion). CIH Bank’s individual loan portfolio stood at MAD 85.3 billion ($8.53 billion). SOFAC and Umnia Bank contributed MAD 21.3 billion ($2.13 billion) and MAD 11.4 billion ($1.14 billion) respectively. The total consolidated balance sheet reached MAD 163.7 billion ($16.37 billion), up 16.1%.
The group’s cost of risk improved by 9 basis points to 0.75%, though the consolidated risk charge rose to MAD 1.21 billion ($121 million) from MAD 1.07 billion ($107 million). On a standalone basis, the cost of risk dropped to 0.89% from 0.94%.
The bank said its results “are driven by a consistent commercial dynamic throughout the fiscal year, confirming the group’s ability to strengthen resource collection and support clients in financing their projects, while maintaining prudent risk management.”
CIH Bank’s consolidated solvency ratio improved to 14.42% from 13.70% at end-2024. Total regulatory capital reached MAD 13.6 billion ($1.36 billion). The CET1 ratio stood at 9.68% on a consolidated basis. The LCR ratio came in at 154% on a standalone basis and 156% consolidated, both compliant with Bank Al-Maghrib requirements.
During 2025, the group raised MAD 1.5 billion ($150 million) in new capital for CIH Bank and MAD 254 million ($25.4 million) for SOFAC. It also issued subordinated bonds. The bank opened 11 new branches and installed 139 additional ATMs, bringing its network to 437 branches and 1,221 ATMs.
CIH Bank finalized its 2030 strategic plan and began implementing the new roadmap. Fitch Ratings confirmed the group’s BB rating with a stable outlook. Earnings per share rose to MAD 30.6 from MAD 27.8 the previous year.
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