(Ecofin Agency) - Crédit du Maroc (CDM) expects a net profit of 256 million dirham ($25.3 million) for the 2016 financial year. This was revealed in a note released by the Casablanca stock exchange, regarding a loan of 500 million dirham which the group is taking on the Moroccan capital market.

The increase would be attributable to a 2.6% increase of the group’s net banking product to 2.15 billion dirham. The group expects better interest revenues, which should be driven by a higher volume of loans (+6.2%) to its customers, as part of its strategy to strengthen its relations with large enterprises, develop competitive offers and support small and medium enterprises.

The bond issued by CDM offers those interested four investment opportunities, with a common maturity period of 10 years. Commitments will vary for people interested in trading instruments on the Bourse des Valeurs de Casablanca (stock exchange) or not, as well as if one wants reviewable papers or not.