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CIH Bank Q1 2026 Results: Deposits Surge 21% While Net Banking Income Falls 2.4%
CIH Bank posted a strong rise in customer deposits (+21.1 % YoY) in the first quarter of 2026, driven mainly by its own operations and UMNIA Bank. Credit exposure also grew, reaching DH 106.7 bn. However, Net Banking Income slipped 2.4 % year‑on‑year, and the Group’s net profit fell to DH 245.9 million, indicating a mixed performance despite robust deposit growth. The bank highlighted a 19.2 % increase in net intermediation margin and a lower risk‑cost ratio (0.65 %). Market‑related activities faced headwinds, but foreign‑exchange gains helped offset volatility.
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Key figures for Q1 2026
Customer deposits reached DH 100.8 billion, a 21.1 % increase year‑on‑year and +1.3 % versus December 2025. The majority stems from CIH Bank (DH 85.8 bn) and UMNIA Bank (DH 8.3 bn). At the end of March, demand‑deposit accounts accounted for 84 % of total customer resources.
Consolidated loan portfolio stood at DH 106.7 billion, up 21.8 % YoY and +2.8 % versus December 2025. CIH Bank contributed DH 72 bn, while SOFAC and UMNIA Bank added DH 22.7 bn and DH 11.9 bn respectively.
Total consolidated balance sheet reached DH 171.2 billion, a 4.6 % rise from December 2025.
Net intermediation margin grew 19.2 %, reflecting continued commercial momentum.
Market‑related activities operated in a less favourable environment, but a stable foreign‑exchange result helped cushion volatility on other market‑operation components.
Consolidated Net Banking Income (NBI) fell slightly to DH 1,269.4 million, down 2.4 % YoY. The prudent risk‑management approach lowered the consolidated risk‑cost ratio to 0.65 % (down from 0.91 %). Accordingly, the consolidated risk cost amounted to DH 248.2 million, a 10.2 % decline.
Bottom line: Consolidated net profit was DH 288.8 million and the Group’s net profit attributable to shareholders was DH 245.9 million, versus DH 298.2 million a year earlier.
On a social‑banking basis, NBI reached DH 1,061.1 million (+0.7 %). The risk cost improved by 21.9 % to DH 138.7 million, bringing the risk‑cost ratio to 0.58 % (down from 0.95 %). Net profit on this basis rose 2.5 % to DH 335.9 million.