Crédit du Maroc plans to invest 200 million dirham ($19.96 million at the current rate) in 2017 and 218 in its technological infrastructure. The information, which was disclosed in the note for the bond that the lender is issuing, indicates that 100 million dirham will be invested next year.

A fourth of this sum will be used to develop the participative bank. 15 million dirham will be dedicated to projects that fall under its IT master plan; 8 million to improving process and the remaining of 2017’s budget to IT projects.

In 2018, Crédit du Maroc will also invest 100 million dirham. However it did not say how it will use it. CDM said the 200 million dirham will be invested outside its subsidiaries, thus the budget at the group level could be way more substantial.

The CDM share showed a plus-value of 4.35% in the Bourse de Casablanca, for the current period starting from January 1, 2016. It significantly rose, after March when it was at its lowest in the past five years. Its performances for the year which is ending will be closely studied by investors.