CFG Bank stock tracks MAD 191.20 as loans rise 20 percent

Published on 10/08/2026 at 04:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CFG Bank stock posted MAD 200 million in first-half 2026 net income, up 10 percent year over year. Loans reached MAD 20.6 billion and deposits MAD 22.1 billion by June 30.

CFG, MA0000012627, Illustration mit AI erstellt.

CFG Bank stock (ISIN MA0000012627) was last at MAD 191.20 on the Casablanca Stock Exchange on October 7, 2026. The latest session showed a 0.34 percent increase, while the bank's first-half figures point to a sharper split between commercial banking and financial markets.

Loans drive first-half growth

According to AlphaBourse on September 16, 2026, first-half net income attributable to the group rose 10 percent year over year to MAD 200 million. Consolidated net banking income increased 6 percent to MAD 634 million, while recurring net banking income climbed 18 percent to MAD 549 million.

TelQuel reported on September 18, 2026, that loans reached MAD 20.6 billion at June 30, up 20 percent from a year earlier, while customer deposits rose 17 percent to MAD 22.1 billion. The figures show commercial banking expanding faster than the consolidated top line.

Markets remain the counterweight

The half-year result also contained a clear offset. Financial-market net banking income fell 36 percent to MAD 85 million, compared with MAD 133 million a year earlier, as weaker equity and bond-market conditions met a high comparison base, according to AlphaBourse.

That divergence matters for the stock because loan and deposit growth is easier to track than market-income performance. The bank's gross operating profit still rose 18 percent to MAD 354 million in the first half, while the cost of risk stood at MAD 22 million, or 0.22 percent of loan balances.

Analyst target stays above price

Le Matin reported on September 12, 2026, that Attijari Global Research valued CFG Bank at MAD 287 per share against a then-quoted MAD 200, while forecasting average annual net banking income growth of 15.1 percent from 2025 through 2028. The research view rests on continued credit expansion and the bank's plan to double outstanding loans between 2024 and 2028 or 2029.

CFG Bank stock stays near MAD 191

CFG Bank stock was last at MAD 191.20 on the Casablanca Stock Exchange on October 7, 2026, with 19,600 shares traded and a session high of MAD 199.00 and low of MAD 190.10. The market is weighing fast commercial-bank growth against the more volatile financial-markets business.