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CDG Capital Registers 75% Growth, Net Banking Income Tops DH1 Billion in 2025

CDG Capital posted a remarkable 75 % jump in its consolidated Net Banking Product (PNB), reaching DH 1.084 billion at the end of 2025. The surge was driven by robust performance across all business lines, a strong contribution from its subsidiaries, and a positive scope effect following the integration of Ajarinvest. Assets under custody rose 9 % to DH 615 billion, while the liquidity coverage ratio (LCR) stood at an impressive 191 %, underscoring the group’s solid liquidity management.

March 3rd, 2026
2 min read
By boursenews.ma

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Key Financial Highlights

CDG Capital closed 2025 with a consolidated Net Banking Product (PNB) of DH 1.084 billion, up from DH 619 billion in 2024 – a 75 % increase. Assets under custody grew 9 % to DH 615 billion and the Liquidity Coverage Ratio (LCR) reached 191 %, well above the regulatory floor.

Performance Drivers

  • Business line growth: All divisions – Markets, Banking & Financial Services, Investment, Funding and Advisory – contributed an additional DH 167 million.
  • Subsidiary performance: CDG Capital Gestion and CDG Capital Bourse delivered an "exceptional" combined uplift of DH 76 million.
  • Scope effect: The inclusion of Ajarinvest into the consolidation scope from October 2024 added DH 221 million to the PNB.

Liquidity Position

The group maintained continuous compliance with the short‑term liquidity requirement. With an LCR of 191 % at year‑end, CDG Capital demonstrates a well‑controlled liquidity buffer. Financial indebtedness stood at DH 12.4 billion, up from DH 11.5 billion a year earlier.

Related News

  • CIH Bank is evaluating the acquisition of a significant stake in CDG Capital Gestion and CDG Capital Bourse (Feb 2026).
  • TAIC awarded CDG Capital Gestion a new asset‑management mandate in Morocco (Dec 2025).
  • CDG Capital reported strong revenue growth through September 2025 (Dec 2025).
  • Phosboucraa secured DH 2 billion from the CDG Group for its southern‑province investment programme (Nov 2025).

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