2024-03-03 20:57:00
CDG Capital headquarters in Rabat. Credit: The Desk
CDG Capital closed the 2023 financial year with consolidated net banking income (NBI) of 328 million dirhams (MDH), compared to 346 MDH a year earlier.
This result is mainly driven by the good performance of commission-generating activities, in a market context marked by the rise in bond and monetary rates, indicates CDG Capital in a financial press release.
Furthermore, outstanding customer receivables increased by 18% to 2.1 billion dirhams (billion dirhams), supported by good commercial momentum.
For their part, assets under management and assets in custody increased respectively by 4.8% to MAD 216 billion and by 5.4% to MAD 523 billion at the end of December 2023.
The short-term liquidity ratio (LCR) reached 196% at the end of December 2023 and the bank’s financial debt stood at MAD 9.6 billion, stable compared to the previous year.
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