CIH wants itself on all fronts in the next four years. This is what stood out in the new strategic plan that CIH Bank announced at a press conference, during which Rahhou Ahmed, President and CEO, presented the results of the Group in the first half of 2016. The new strategic plan is to accelerate the growth and transformation of CIH bank, while ” consolidating its position as a universal bank, present in all areas of banking, well established nationally and in line with new technological and digital developments ” , CEO, Ahmed Rahhou said. Among the major projects to be launched in the very near future: QBM, affiliate bank of CIH Bank Group.
On the menu of this new strategic plan, in addition to the launch of the affiliate bank, is : confirming the positioning of CIH Bank on real estate, developing corporate banking, the activity of the trading floor, the digital Corporate offer, strengthening bancassurance, subsidiary for credit activities, collection, cash transfer …
Regarding the launch of the affiliate bank, one of the major projects of this plan, the CEO, Ahmed Rahhou, said the QMB affiliate is ready to start its activity. “We are waiting for the approval expected by the end of this year in order to start this activity,” says Ahmed Rahhou. He added: “in 2017, QMB will be a fully operational bank, with its own headquarters, a national coverage, its human ressource, technical and financial capacity in compliance with the established goals. The QMB Capital is 600 million dirhams. It will increase to 1 billion to support the development of this affiliate bank “, said Ahmed Rahhou during the presentation of the results of the Group.
