Economy Country October 24, 2024

Banking Sector Growth: CIB Reports 64% Profit Increase

The Commercial International Bank recorded a net profit of 230.694 million dirhams in the first 9 months of 2024, marking a 64% growth compared to the previous year.


Banking Sector Growth: CIB Reports 64% Profit Increase

The "Commercial International" bank earned 230.694 million dirhams in net profit for the first 9 months of 2024, which represents a growth of 64% compared to the previous period.

The company announced its financial results, which demonstrate successful performance and sustainable development. The main factors for the increase in profit were the growth of the credit portfolio and an increase in fees from commission operations.

The bank continues to accumulate its assets and expand its business, enabling it to confidently develop in the market and increase revenues. Within the framework of the company's strategy, it actively works on improving services and strengthening its positions in the financial market.

The bank's president noted that such indicators testify to the high effectiveness of operations and allow the bank to successfully compete in modern economic conditions.