At a glance
CFG Bank combines a commercial bank serving companies and affluent individuals with capital markets activities: brokerage, asset management and financial advisory. Its network has 19 branches.
History
CFG began in 1992 as an investment bank focused on brokerage, asset management and advisory work. In 2012 Bank Al-Maghrib granted it a commercial banking licence, and retail banking started in 2015 under the CFG Bank brand. Its stock market listing on 18 December 2023 drew 23,634 subscribers.
Latest published results
In the first half of 2026, net income attributable to the group rose 10% to MAD 200 million. Recurring net banking income increased 18% to MAD 549 million, while capital markets revenue fell 36%. Loans reached MAD 20.6 billion (+20%) and deposits MAD 22.1 billion (+17%).
What to watch
The bank’s stated target of about MAD 600 million in net income in 2029, and the opening of six new branches.
Key dates
- 1992
Starts operating as an investment bank.
- 2012
Bank Al-Maghrib licence to launch a commercial bank.
- 2015
Retail banking launched under the CFG Bank brand.
- 2023
First listing on 18 December, after an offer subscribed nearly 35 times by 23,634 investors.
- 2026
19th branch opens in Casablanca in April; six more under construction through 2028.
Sources: Boursenews, CFG Bank : résultats du premier semestre 2026, September 16, 2026; African Markets, fiche société CFG Bank, October 29, 2026; Hespress FR, CFG Bank entre en bourse avec plus de 23 000 souscripteurs, December 18, 2023.
Profile updated on October 29, 2026.