CIH Bank Retains AGR Buy Rating With 38% Upside, 2025 Profit Crosses 1B Dirhams Milestone

Leading research firm Attijari Global Research (AGR) has reiterated its "buy" recommendation for CIH Bank, setting a 12-month target price of 492 MAD that implies 38% upside from May 2026 trading levels. The assessment follows the bank’s record 2025 performance, where net profit crossed 1 billion MAD for the first time, up 24.4% year-on-year, alongside strong revenue growth and improving operational efficiency. AGR notes that the stock’s 12-month underperformance against the MASI benchmark, combined with positive 2026-2027 earnings forecasts, justifies the maintained buy rating.

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