CIH Bank

CIH Bank S.A.

Formerly called	Caisse de Prêts Immobiliers du Maroc (until 1967)[1]
Type	Société anonyme
Founded	1920
Founder	Crédit Foncier d’Algérie et de Tunisie Crédit Foncier de France
Headquarters	Morocco
Key people	Ahmed Rahhou (President and Managing Director)[2]
Services	Investment banking Retail banking
Operating income	MAD 1,381 billion (2007)
Net income	MAD 436 million (2007)
Total equity	MAD 2.3 billion
Number of employees	1,542
Website	cihbank.ma

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.

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

• Abdelouahed Souhaïl
• Othman Slimani (1979 – 1993)
• Moulay Zine Zahidi Alaoui (1994 – 1998)
• Mohamed El Alej
• Khalid Alioua (24 July 2004 – 24 April 2009)^[3]
• Ali Harraj^[3] (Interim)
• Ahmed Rahhou (since 6 October 2009)^[2]

External links

• (French) Official website

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 May 11, 2009. Retrieved October 24, 2014.