NBI growth of 8.2% in the first half

This Thursday, September 15, CIH Bank unveiled its results for the first half of 2022. It shows an increase in Net Banking Income (NBI) of 8.2%, from 1,500 million dirhams in the first half of 2021 to 1,624 million dirhams for the same period in 2022. According to the bank’s management, this result is explained by the increase in the net interest margin of 10% under the effect of the growth in commercial activity.

At the end of June, net income group share amounted to 299 million dirhams, once morest 264.6 million dirhams over the same period a year earlier. While the consolidated result amounts to 320.3 million dirhams, an increase of 16.1% compared to the first half of 2021. The net profit amounts to 300.5 million dirhams at the end of June 2022 once morest 267 .7 million dirhams in the same period in 2021.

Customer deposits increased by 3.6% from December 2021 to June 2022, rising from 63 billion dirhams to 65.2 billion dirhams. For outstanding loans, the increase is 9% compared to last December, since they went from 74.4 billion dirhams in December 2021 to 81.1 billion dirhams in June 2022. amount to 65 billion dirhams, while SOFAC and UMNIA BANK contribute respectively up to 10.7 billion dirhams and 5.4 billion dirhams.