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Umnia Bank unveiled its first annual results on Wednesday in Casablanca. The participative bank, a subsidiary of CIH Bank, generated a net banking income (GNI) of 17.2 million dirhams in 2018.
The total balance sheet amounts to about 1.5 billion dirhams, financing 947 million dirhams and collecting MAD 680 million, according to the chairman of the board of directors, Abdessamad Issami.
The participating bank also increased its presence in the country with 12 new branches, bringing its national network to 23 branches in 16 cities.
