CIH Bank, CDG Capital Consider Asset Management Acquisition

CIH Bank is looking to expand its footprint in capital markets after signing an MoU with CDG Capital to study a possible transaction involving asset management and brokerage activities.

Mohammedia – CIH Bank announced it has signed a memorandum of understanding with CDG Capital to study the potential acquisition of all – or a significant stake – in CDG Capital Gestion and CDG Capital Bourse.

These two entities specialize respectively in asset management through mutual funds (OPCVM) and stock market brokerage on the Casablanca Stock Exchange.

The discussions form part of a broader strategic refocusing within the CDG Group, while reflecting CIH Bank’s ambition to strengthen its presence in higher value-added businesses.

Asset management and capital markets services are seen as key growth areas, particularly as institutional and individual investors seek more diversified financial products.

CIH Bank already operates in asset management through its subsidiary CIH Capital Management. If the proposed transaction goes ahead, the bank said it would enhance its positioning in the sector and help build a more integrated offering for institutional clients, companies, and retail investors.

The group plans to rely on its national banking network and its digital-first distribution model, which has been a central pillar of its recent growth strategy.

The bank cautioned that the potential acquisition remains subject to the completion of negotiations, the signing of definitive agreements, and the receipt of all required legal, regulatory, and corporate approvals.

CIH Bank said it will keep the market informed of any material developments in line with applicable disclosure rules.

In December 2025, CIH Bank raised MAD 1 billion ($109 million) through a subordinated bond issued via private placement with qualified investors.

The operation was split into two non-listed 10-year tranches of MAD 500 million ($54.4 million) each, one at a fixed rate and the other at a variable rate revised annually.

The proceeds were intended to strengthen the bank’s capital base and support its development strategy beyond traditional retail banking.