CFG Bank is set to propose a dividend of 4 dirhams per share at its annual general meeting on 22 May, after posting a strong set of results for 2025.
If approved, the bank will distribute 140 million dirhams to shareholders. It also plans to keep 363 million dirhams in retained earnings, suggesting it is balancing shareholder returns with caution as it continues to expand.
The bank’s net profit jumped to 314.2 million dirhams in 2025, up from 134.9 million dirhams the year before. On a group level, net income reached 370.4 million dirhams.
Growth was also clear in its core business. Customer loans rose to 19.6 billion dirhams, while deposits increased to more than 12 billion dirhams.
To support its growth plans, CFG Bank raised 1 billion dirhams through subordinated debt, strengthening its capital base.
At the same meeting, shareholders will also vote on the appointment of Nada Tazi Harakat as an independent director, subject to approval by Bank Al Maghrib, Morocco’s central bank.
From investment bank to retail player
CFG Bank was founded in 1992 as Casablanca Finance Group. It started out as an investment bank and was involved in modernising the Casablanca Stock Exchange. It was also the first bank in Morocco to offer online trading.
In 2015, it changed its name and business model to become a universal bank. It began offering retail banking services while keeping a focus on digital tools and high-end branches designed for wealthier clients.
The latest results follow its stock market listing in late 2023. The initial public offering was heavily oversubscribed, helping the bank raise funds to expand lending, especially in real estate and corporate finance.
CFG Bank is often described as part of a “phygital” trend in Moroccan banking, combining digital services with a smaller branch network.
This puts it in contrast with larger banks such as Attijariwafa Bank and Banque Centrale Populaire, which rely on wider physical networks. CFG’s leaner model has helped it grow quickly, particularly in deposits and premium clients.
