CFG Bank reported 10 percent profit growth: what it means for CFG Bank stock

Published on 10/14/2026 at 01:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached MAD 200.00 million in the first half of 2026, up 10.00 percent. For CFG Bank stock, loans rose 20.00 percent.

Half-year growth and banking scale

CFG Bank reported MAD 200.00 million in net income for the first half of 2026 on September 16, 2026.
Commercial loans reached MAD 20.60 billion by June 30, 2026, up 20.00 percent year over year.
The effective tax rate rose to 37.00 percent in the first half of 2026 from 30.00 percent.

CFG, MA0000012627, Illustration mit AI erstellt.

CFG Bank (ISIN MA0000012627) reported MAD 200.00 million in group net income for the first half of 2026, up 10.00 percent from the same period in 2025, according to Alpha Bourse on September 16, 2026. The result gives CFG Bank stock a concrete earnings anchor as the Moroccan lender expands its commercial banking base.

What profit growth means

The headline profit increase was supported by consolidated net banking income of MAD 634.00 million, up 6.00 percent year over year in the first half of 2026. Recurring net banking income rose 18.00 percent to MAD 549.00 million, while the second quarter contributed MAD 324.00 million, up 9.00 percent from the same quarter a year earlier, Challenge reported on September 18, 2026.

The mix matters because the recurring figure reflects the bank's core commercial and savings activities. Net interest income reached MAD 316.00 million, up 29.00 percent, while commissions increased 5.00 percent to MAD 233.00 million in the first half of 2026, according to Alpha Bourse.

Commercial banking drives scale

Loans rose 20.00 percent over 12 months to MAD 20.60 billion by June 30, 2026, while customer deposits increased 17.00 percent to MAD 22.10 billion. The deposit increase included MAD 3.20 billion of net collection, and non-interest-bearing deposits grew 26.00 percent, reaching more than half of total deposits, Challenge said.

That operating expansion was not matched evenly across every business line. Financial-market net banking income fell 36.00 percent to MAD 85.00 million, while operating income rose 18.00 percent to MAD 354.00 million, according to Alpha Bourse on September 16, 2026.

Tax pressure remains visible

The main counterweight was taxation. The effective corporate tax rate rose to 37.00 percent in the first half of 2026 from 30.00 percent in the first half of 2025, limiting the conversion of stronger pre-tax earnings into net income, according to Challenge.

CFG Bank SA is listed under ticker CFG.MA on the Casablanca Stock Exchange. Its first-half figures show a bank growing its loan and deposit base while recurring income outpaces consolidated income, with taxation and financial-market activity shaping the final profit result.