CIH Bank: RNPG up 479% in the first half of 2021

CIH Bank’s net income group share (RNPG) stood at MAD 264.6 million (MDH) in the first half of 2021 (H1-2021), compared to MAD 45.7 million a year earlier, a net increase of 479 million. %. In terms of social security, the net profit in H1-2021 reached 267.7 million dirhams, against 82.4 million dirhams in H1-2020, indicates the bank in a financial press release.

The consolidated net banking income (NBI), for its part, amounted to more than 1.5 billion dirhams, up 7% compared to the end of June 2020, adds the same source, specifying that this evolution results mainly from the 23.1% increase in the net interest margin, driven by growth in commercial activity.

Consolidated gross operating income stands at MAD 652.9 million, up 48.7% compared to June 2020.

The cost of risk on a consolidated basis stood at MAD 221 million in H1-2021, showing a decrease of 46.7% compared to June 2020. The cost of risk rate is therefore 0.31%, against 0.68 % a year ago.

With net inflows of 3.7 billion dirhams, customer deposits increased by 6.8% compared to December 2020, standing at 57.4 billion dirhams, notes the company, noting that consolidated outstanding loans have reached MAD 66.9 billion, up 6.3% compared to December 2020.

Representing 53% of outstanding consolidated loans, loans excluding real estate recorded an increase of 8% compared to December 2020, to stand at MAD 35.4 billion.



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