CIH Bank is launching a major capital increase worth 1.5 billion dirhams, marking a pivotal moment in its long-term strategy to scale up its operations. The fresh funding aims to fuel the bank’s ambitious roadmap through to 2030, while also reinforcing its financial base amid a period of robust growth.
As part of the offer, shares will be priced at 358 dirhams—about 12 percent below the average market price over the past year. The structure allows investors to acquire three new shares for every 23 preferential subscription rights they hold. Existing shareholders will have priority to subscribe proportionally to their current stake, but they can also apply for additional shares if some rights go unclaimed. The timeline for the operation spans from August 1 to August 5, with subscription rights detaching on July 1 and the subscription window officially closing on July 23.
CIH Bank outlined three key reasons behind this capital increase. First, to support the expansion of its lending activities in response to sustained demand. Second, to strengthen its regulatory capital ratios in an environment of tightening oversight. And third, to sustain strong profitability while ensuring it can continue rewarding shareholders.
Over the past 15 years, CIH Bank has more than doubled its customer base, which now stands at 2.7 million. Its physical footprint has grown in parallel, with 427 branches and 1,072 ATMs spread across Morocco. At the same time, the bank’s digital pivot has gained serious traction, with over 100 million mobile transactions recorded annually and two million users now relying on its app.
Once focused almost exclusively on home loans, CIH Bank has evolved into a full-service institution, catering to a wide spectrum of clients. Despite this diversification, it retains a leading edge in the real estate sector, where its legacy and expertise remain key assets. The bank has also carved out a strong presence among younger demographics and continues to attract new customers at a brisk pace, with an average of 400,000 new account openings each year since 2018.
As of the end of 2024, CIH Bank reported a net banking income of 4.74 billion dirhams and a consolidated net profit of nearly 876 million. Its Common Equity Tier 1 capital ratio stands at 8.3 percent on a consolidated basis and 8.67 percent on a standalone basis—both compliant with regulatory thresholds. Looking ahead, the bank aims to build on its momentum by focusing more heavily on small and medium-sized enterprises, microbusinesses, Moroccan expatriates, and other high-value client segments.
In a rapidly evolving financial landscape driven by digital innovation and structural economic shifts, CIH Bank wants to position itself as the go-to institution for the next generation. To achieve that, it’s betting on a hybrid service model that blends personalized support with self-service digital tools—striking a balance between human touch and tech-driven efficiency.
