CIH Bank, formerly Crédit Immobilier et Hôtelier, is a Moroccan bank based in Casablanca. Originally focused on financing the real estate and hospitality sectors, the bank has since expanded its operations to become a universal banking institution, offering a full range of financial services to both individuals and businesses.
CIH Bank is controlled by the Caisse de Dépôt et de Gestion (CDG), which holds 67.55% of its capital, primarily through its subsidiary Massira Capital Management.[2]
History
The bank was established in 1920 under the name Caisse de prêts immobiliers du Maroc (CPIM).[3] Following its expansion into the hospitality sector in 1967, it changed its name to Crédit Immobilier et Hôtelier.
Due to limited capitalization in Morocco's hotel industry, CIH became a major source of financing for the sector. Hotels unable to repay their loans were often transferred to the bank's ownership.[4]