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CFG Bank: Increase in NBI at the end of June

Consolidated Net Banking Income (NBI) of CFG Bank amounted to 95 million dirhams in the first half of 2019, compared to 78 million dirhams in the same period of 2018, an increase of 22%.

This increase in net banking income was mainly driven by the growth of the commercial bank’s activities, particularly the rapid evolution of outstanding loans and deposits, the bank said in a financial communication on its indicators at the end of June 2019.

Outstanding loans grew by 44% between June 2018 and June 2019 and stood at MAD 3,005 billion as of June 30, 2019.

In addition, customer deposits increased in one year from 28% to more than 4.64 billion dirhams at the end of June 2019, a net inflow of more than MAD 1 billion with a significant improvement in the share of deposits in view.

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