Net income from real estate and tourism loans increased by 13% in the first half of 2022

Deputy Director General in charge of Finance, Customer Service and Alternative Banking Channels for Real Estate and Tourism Loans (CIH Bank), Younis Al-Zubair, said the net result, CIH Bank Group share declining, was of approximately 299 million euros. dirham during the first half of 2022, compared to 264 million dirhams per year. past, an increase of 13%.
Zubair indicated during a press conference in Casablanca dedicated to the presentation of the financial results of CIH Bank, that the consolidated net result of this quarter, characterized by commercial dynamics, stood at 320.3 million dirhams at the end of June 2022. , up by 16.1% compared to the same period. period from 2021.
It also indicated that consolidated net bank income was more than AED 1.62 billion during the first half of 2022, up 8.2% from the end of June 2021, indicating that consolidated operating net profit was 712.5 million dirhams (plus 91.1%), while the consolidated cost of credit risk amounted to 209.7 million dirhams (minus 5.1%).
Regarding commercial results globally, customer deposits increased 3.7% compared to December 2021 to reach AED 65.2 billion and sight deposits made up 81% of customer deposits at the end of June. 2022.
Syndicated loans increased 9% from December 2021 to reach AED 81.1 billion. On an individual level, Sofac Bank and Umnia Bank contributed 10.7 billion dirhams and 5.4 billion dirhams respectively.
With regard to monetary and digital activity, 700,000 calls were recorded per day, with an increase of 39.8% compared to 2021. In detail, 70,000 transactions were carried out daily via the Internet for the payment of bills and 70,000 daily transactions. for wire transfers and digital.
As part of the discussion on the progress made in the first half of 2022, Lotfi Al-Saqqat, CEO of CIH Bank, discussed the launch of free banking services for seniors with “Code 60” and mortgages for young workers. People “Code 60”. Sakan “(Sakane Code), and the enrichment of professions on the digital platform (CIH payroll, e-commerce, etc.)
He also specified that the current period was characterized by the release of the new online communication application, improving at the same time the customer experience, and by the opening of four branches to reach a total of 317 branches, equipping part of 55 machines. deposit, as well as improving the customer experience.
He added that the banking group has strengthened its presence with 66 e-branches, most with partner network and securitization through the issuance of “FT Revelium” bonds in the amount of 558 million dirhams (foreign currency payment instruments). foreign country) with a 10-year maturity.

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