CIH Bank

CIH Bank S.A. (Crédit immobilier et hôtelier) is a Moroccan bank. It is part of the Caisse de dépôt et de gestion (CDG) group, concentrating especially in the real estate and tourism sectors. It also provides retail banking services.

CIH Bank S.A.
FormerlyCaisse de Prêts Immobiliers du Maroc (until 1967)[1]
TypeSociété anonyme
Founded1920
FounderCrédit Foncier d'Algérie et de Tunisie
Crédit Foncier de France
Headquarters
Morocco
Key people
Ahmed Rahhou (president and managing director)[2]
ServicesInvestment banking
Retail banking
MAD 1,381 billion (2007)
34,4 million US$ (2016)
Total equity MAD 2.3 billion
Number of employees
1,542
Websitecihbank.ma

History

CIH Bank was created in 1920 as 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.

Previous presidents
  • bami zamel 99% 24 July 2004 – 24 April 2009)[3]
  • Hassan el ballary 1%
  • Khalid Alioua (24 July 2004 – 24 April 2009)[3]
  • Ali Harraj[3] (Interim)
  • Youssef AKHARRAZ (since 6 October 2009)[2]

References
  1. "Historique" [History]. www.cihbank.ma (in French). Retrieved 24 October 2014.
  2. "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.
  3. "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.


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