CFG Bank: Significant Increase in Loans and Deposits by the End of September 2026
CFG Bank Confirms Strong Business Development Momentum for the First Nine Months of 2026
CFG Bank has reported a solid performance in its commercial development at the end of the first nine months of 2026. The bank has demonstrated sustained growth in both its loans and deposits, with its consolidated net banking income reaching 976 million dirhams, which reflects a 7% increase year-over-year. Driven largely by corporate financing and savings management, this progress allows the institution to maintain its ambitions for the entire fiscal year.
CFG Bank Strengthens Financing Activity and Deposit Collection
As of the end of September 2026, customer loans, excluding repos, amounted to 20.6 billion dirhams, up from 17.45 billion dirhams at the same point last year. This represents an 18% increase over twelve months, translating to a net production of approximately 3.2 billion dirhams, primarily fueled by financing provided to businesses.
The collection of resources has seen an even more significant evolution. Customer deposits, including certificates of deposit, reached 22.13 billion dirhams, compared to 18.19 billion dirhams at the end of September 2025, marking a 22% increase. The bank achieved a net collection of 3.9 billion dirhams over the year.
CFG Bank also highlights the structure of its resources, with more than half comprising non-interest-bearing deposits, a factor that contributes to supporting its recurring income.
Recurring Income Grows by 19%
The commercial dynamics are directly reflected in the bank’s recurring activity income. This segment contributed 846 million dirhams to net banking income as of the end of September 2026, up 19% compared to the same timeframe last year.
Interest margin remains the main driver of this growth, reaching 482 million dirhams—a 28% increase—thanks in part to the rising volume of loans and improvements in the net interest margin.
Fees also show a positive trend, totaling 364 million dirhams, up 9%, supported by banking services and asset management activities.
Overall, CFG Bank’s consolidated net banking income stands at 976 million dirhams, compared to 909 million dirhams at the end of September 2025, reflecting a 7% year-on-year growth.
Market Activity Decline Limits Net Banking Income Growth
This performance occurs within a less favorable context for financial market activities. Revenues from stock market brokerage, bond and equity trading, as well as corporate finance, amounted to 130 million dirhams, down from 198 million dirhams a year earlier.
According to the bank, this 34% decline is attributed to less favorable market conditions and an unfavorable comparison effect since 2025 benefited from particularly high revenues in these areas.
Nevertheless, the third quarter of 2026 confirms a positive trend in activity. Between July and September, net banking income reached 342 million dirhams, representing an 11% increase over the third quarter of the previous year.
Gross Operating Income Increases by 16%
The improvement in income is accompanied by an increase in operational indicators. The consolidated gross operating income amounted to 555 million dirhams as of the end of September 2026, marking a 16% year-on-year rise.
This growth, which exceeds that of net banking income, reflects effective control of operational expenses, an aspect CFG Bank emphasizes in its financial communication.
CFG Bank Anticipates Performance Exceeding Initial Goals
In light of the results achieved during the first nine months of the year, CFG Bank reaffirms its outlook for the entire 2026 fiscal year. The institution even anticipates performance that will surpass the initially set objectives in its roadmap.
The bank expects a roughly 25% increase in its recurring net banking income for the year, while overall net banking income growth is expected to be around 5%. This forecast takes into account the exceptional level of revenue from market activities recorded in 2025.
CFG Bank also predicts an increase of about 15% in its net profit attributable to the group, despite a rise in the effective tax rate—from 33% in 2025 to 40% in 2026—factoring in corporate tax and the social solidarity contribution.
By the end of September, the increase in business financing, the rise in deposits, and the robust performance of recurring income are identified as the main growth drivers for CFG Bank. These indicators bolster the institution’s outlook for the conclusion of the 2026 fiscal year.
