CFG Bank SA Class A
CCSEMA:CFG194.00
MAD
+2.00
(+1.04%)
ISIN
MA0000012627
Return %
Stock
S&P 500
1Y
-25.38
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Regional banks
- Address
- Palmier Morocco
- IPO Date
- Dec 18, 2023
- Website
- cfgbank.com
- Similar Companies
- Business
- CFG Bank SA is a Morocco-based financial institution that provides a comprehensive range of commercial, private, investment, and digital banking services to individual, affluent, institutional, and corporate clients. Founded in 1992 as Casablanca Finance Group and headquartered in Casablanca, Morocco, the bank operates across four principal business segments: Retail and Private Banking, Corporate Banking, Investment Banking, and Capital Markets and Asset Management. Its core products and services include retail and wealth management solutions comprising demand deposit accounts, high-yield savings accounts, term deposits, and certificates of deposit; personal financing, consumer credit, and residential mortgage loans; international contactless debit and credit payment cards; multichannel digital and mobile banking applications alongside automated teller machines (ATMs) equipped with instant cash deposit, check processing, and foreign exchange capabilities; private banking services encompassing tailored wealth management, discretionary portfolio mandates, estate planning, and bespoke financial advisory; corporate banking solutions featuring working capital facilities, short- and medium-term commercial loans, structured asset financing, syndicated credit facilities, treasury services, cash management, and trade finance instruments including letters of credit and bank guarantees; investment banking advisory encompassing mergers and acquisitions (M&A) advisory, corporate restructuring, initial public offerings, and equity and debt capital market underwriting; and capital markets activities consisting of equity and fixed-income brokerage, securities custody, research, and collective investment fund management through mutual funds (OPCVM) and real estate investment trusts (OPCI). The bank operates primarily within the Kingdom of Morocco through an expanding hybrid branch network and automated digital service points across major economic centers, including Casablanca, Rabat, Marrakech, Tangier, and Fez. In recent developments, CFG Bank completed a landmark initial public offering (IPO) on the Casablanca Stock Exchange, raising 600 million Moroccan dirhams through a capital increase to reinforce its Tier-1 regulatory capital and accelerate commercial loan expansion; broadened its corporate lending activities to support domestic small- and medium-sized enterprises (SMEs); expanded its specialized real estate asset management offerings through newly structured OPCI vehicles; and rolled out upgraded mobile banking features and end-to-end digital onboarding capabilities across its retail banking ecosystem.