CFG Bank continues to grow

After a year of strong growth in 2021, CFG Bank posted good performance in the first quarter of 2022, with significant growth in the group’s various financial indicators. The outstanding loans distributed by the bank thus amounted to 6.9 billion dirhams, marking an appreciation of 27% over one year, ie a net production of nearly 1.5 billion dirhams. In addition, customer deposits grew by more than 31% over one year, i.e. a net collection of nearly 2.1 billion DH. They thus peak at 8.94 billion DH at the end of last March. The consolidated NBI, meanwhile, stands at 116 million DH at the end of March, up 57%. This growth was mainly driven by the increase in loans and the good performance of investment banking and trading room activities. CFG Bank notes that the 1st quarter of 2022 is positively impacted by the effect of the consolidation of REIM Partners.

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