CFG Bank Posts Q1 2026 Revenue Growth, Raises Medium-Term Guidance on Strong Recurring Business Performance

CFG Bank has released its Q1 2026 financial indicators, showing robust growth in core business lines despite headwinds from regional geopolitical tensions. The Moroccan lender reported a 20% year-on-year increase in loan portfolios to 19.2 billiondirhams, driven by corporate and private banking segments, alongside a 10% rise in customer deposits to 20 billion dirhams. Recurring net banking income grew 22% to 273 million dirhams, offsetting a 53% decline in volatile non-recurring income linked to unfavorable equity and bond market conditions. The bank also raised its medium-term net income target to 600 million dirhams by 2029, up from a prior 500 million dirhams, while projecting 2026 recurring PNB growth of 25% and net income growth above 15%.

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