CIH Bank upsets the Moroccan banking sector
In FY 2014, CIH Bank released a net result down by 6.4% to MAD482M, yoy. Given the securitization of MAD1.200M, combined with the decline in lending rates in 2014, CIH Bank saw its net interest drop by 1.2% to MAD1.397bn. The bank's cost-income ratio worsened from 56.4% in 2013 to 59.5% in 2014. The bank continues to enjoy a favorable Tier 1 ratio, above the standards of Bank Al Maghrib, which exceeds 15%.
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