Attijariwafa Bank: 6.2 million customers and total assets of € 33.1 billion in 2012

Mercredi 13 Mars 2013

Casablanca: "The year 2012 was very average,but in the context of the region, it was quite an interesting performance."Commented Mohamed El Kettani, CEO of Attijariwafa Bank, during the presentation of the results of the banking group, a subsidiary of the holding company SNI.
Attijariwafa Bank: 6.2 million customers and total assets of € 33.1 billion in 2012
The consolidated net banking income showed an increase of 7.3% to 17 billion dirhams increased by increasing the number of customers to 6.2 million in Morocco and on the continent, as well as a slight increase in the interest margin .

The general operating expenses have not been more than 6.7%, which led to an improvement in the operating ratio (45.1% in 2012 against 45.3% in 2011).

The risk management policy of the Moroccan banking group has set the cost of risk at 0.48% against 0.45% a moderate increase of 0.03 points.


Attijariwafa Bank: 6.2 million customers and total assets of € 33.1 billion in 2012
Consolidated net profit amounted to 5.3 billion dirhams (9.6%), excluding special items and non-recurring items.

Financial profitability is maintained to the highest standards with a RoE of 17.6% and RoA of 1.4%.

Consolidated equity amounted to 35.4 billion dirhams, sustained growth of 17%, thus reinforcing the group's financial strength.

Stock level, despite a disappointing -10.6%, Attijariwafa Bank reached a market capitalisation of 63 billion dirhams, rising capitalisation of the banking sector first, second and all categories of the Casablanca Stock Exchange.

Attijariwafa Bank has 15,289 employees, 6.2 million customers and 2,882 branches in Africa, including Morocco.



Source : https://www.marocafrik.com/english/Attijariwafa-Ba...