CIH Bank
Moroccan retail banking institution From Wikipedia, the free encyclopedia
CIH Bank S.A. (Crédit Immobilier et Hôtelier, lit. 'Property and Hospitality Credit [Bank]') is a bank based in Casablanca, Morocco. It is part of the government-owned Caisse de dépôt et de gestion (CDG) group, concentrating especially in the real estate and tourism sectors. It also provides retail banking services. It is one of the main retail banks in Morocco.[3]
| |
| Formerly | Caisse de Prêts Immobiliers du Maroc (until 1967)[1] |
|---|---|
| Company type | Société anonyme |
| Founded | 1920 |
| Headquarters | |
Key people | Lotfi Sekkat (president and managing director)[2] |
| Services | Investment banking Retail banking |
| MAD 1,381 billion (2007) | |
| 34.4 million US$ (2016) | |
| Total equity | MAD 2.3 billion |
Number of employees | 1,542 |
| Website | cihbank |
History
CIH Bank was created in 1920 as the Caisse de prêts immobiliers du Maroc (CPIM).[1] After branching into the tourism sector in 1967, it changed its name to Crédit immobilier et hôtelier.[1] As of 2014, CIH Bank offers a broader service across all sectors of the banking market.
Services
in 2022, CIH and MasterCard launched a joint digital payment service "CIH PAY", that allows customers to use their phones for payments and transactions [4][5]
Previous presidents
- Ayoub Boubalgha (2001)
- Akram El Masfioui (2002)
- Abdelouahed Souhail (1998 – 2001)
- Mohamed El Alej
- Khalid Alioua (24 July 2004 – 24 April 2009)[6]
- Ali Harraj[6] (Interim)
- Ahmed Rahhou (6 October 2009 – 4 June 2019)[7]
See also
References
External links
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