en CIH Bank

CIH Bank S.A.
Formerly	Caisse de Prêts Immobiliers du Maroc (until 1967)
Company type	Société anonyme
Founded	1920
Headquarters	Morocco
Key people	Lotfi Sekkat (president and managing director)
Services	Investment banking; Retail banking
Operating income	MAD 1,381 billion (2007)
Net income	34.4 million US$ (2016)
Total equity	MAD 2.3 billion
Number of employees	1,542
Website	cihbank.ma

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]

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]

References

^ ^a ^b ^c "Historique" [History]. www.cihbank.ma (in French). Retrieved 24 October 2014.^{[non-primary source needed]}
^ "Conseil des ministres : Un nouveau PDG à la tête du CIH". L'Economiste (in French). 2019-06-04. Retrieved 2022-11-08.
^ Gert Svaiko (20 November 2024). "Top 10 list of the best banks in Morocco". Wise.
^ "Morocco's CIH, Mastercard Celebrate CIH PAY Launch".
^ "Home". cihpay.ma.
^ ^a ^b "Ali Harraj, un pur produit de la CDG dont il dirige le pôle financier" [Ali Harraj, CDG company man, its chief financial officer]. L'Economiste (in French). 2001. Archived from the original on February 24, 2011. Retrieved October 24, 2014.
^ "SM le Roi nomme M. Ahmed Rehou PDG du crédit immobilier et hôtelier" [His Majesty the King names Mr. Ahmed Rehou President and Director-General of Crédit Immobilier et Hôtelier]. CIH Bank (Press release) (in French). Agadir. 22 September 2009. Archived from the original on October 9, 2009. Retrieved October 7, 2009.