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CFG Bank (CAS:CFG) Tax Rate % : 20.22% (As of Jun. 2023)


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What is CFG Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CFG Bank's Tax Expense for the six months ended in Jun. 2023 was MAD0.02 Mil. CFG Bank's Pre-Tax Income for the six months ended in Jun. 2023 was MAD0.09 Mil. Therefore, CFG Bank's Tax Rate % for the quarter that ended in Jun. 2023 was 20.22%.

CFG Bank Tax Rate % Historical Data

The historical data trend for CFG Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CFG Bank Tax Rate % Chart

CFG Bank Annual Data
Trend Dec20 Dec21 Dec22
Tax Rate %
4,400.00 34.69 31.25

CFG Bank Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Tax Rate % - - 36.36 29.79 20.22

CFG Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CFG Bank's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.025/0.08
=31.25 %

CFG Bank's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=0.018/0.089
=20.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CFG Bank Tax Rate % Related Terms

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CFG Bank (CAS:CFG) Business Description

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Comparable Companies
Traded in Other Exchanges
N/A
Address
5/7 Rue Ibnou Toufail, Casablanca, MAR
Website
https://www.cfgbank.com
CFG Bank is a financial services company which has organized itself around of the four main business lines of investment banking: corporate finance, stock market, asset management on behalf of third parties, investment capital.