CIH Bank: Impressive Growth in Net Income and Net Banking Income – June 2023 Update

2023-09-15 14:47:41

The net income (part of the RNPG group) of CIH Bank stood at 412.7 million DH at the end of June 2023, compared to 298.9 million DH during the same period of 2022.

At the end of June 2023, net banking income (NBI) amounted to 2.21 billion DH, recording an increase of 36.6% year-on-year, according to financial indicators published by the bank. “This development mainly results from the increase in the net interest margin and the performance of market activity over the first half of 2023 compared to the same period in 2022,” explains CIH.

In social terms, CIH BANK’s net banking income amounted to 1.92 billion DH in June 2023, an increase of 40.9% compared to June 2022.

For the consolidated cost of risk, it reached 507.7 million DH, showing an increase of 142.1% compared to June 2022. Thus, the cost of risk rate is 0.55% compared to 0.25%. a year ago. With a net collection of 777.5 million DH, customer deposits increased by 1.1% compared to December 2022, and stood at 69.7 million DH.

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