Attijariwafa bank continued during 2022 its support for households, project leaders, VSMEs as well as large local and regional companies.
According to the Banking Group, the increase in consolidated net banking income is linked to the growth in the contribution of the various business lines, more particularly International Retail Banking (+18.4%) and Insurance (53.4% ).
Attijariwafa bank is consolidating its contribution to the financing of the real economy. During 2022, the Group continued its support for households, project leaders, very small and medium-sized enterprises as well as large local and regional companies, institutions and governments. In terms of financing working capital requirements, Attijariwafa bank granted 60 billion dirhams of cash loans in Morocco for the 2022 financial year. increase of 21.1% compared to a year earlier. With regard to investment financing, equipment loans granted by Attijariwafa bank showed an improvement of 8.3%, thus standing at around 63.9 billion dirhams (MMDH), i.e. market shares around 30.4%.
The Group has also produced 10 billion dirhams of loans to households, intended to finance consumption and access to housing. In addition, Attijariwafa bank granted 14.2 billion dirhams of loans to very small and medium-sized enterprises in 2022. VSMEs and young project leaders who are clients and non-clients in 2022 with 250,000 VSMEs supported, 70,000 VSMEs trained and 23,000 advice interviews”, indicates the Banking Group in this regard.
With regard to activity indicators, Attijariwafa bank noted a 7.9% increase in its net banking income, thus amounting to 26.3 billion dirhams. This increase occurs, in fact, in a context impacted by the rise in money and bond rates in Morocco. “This growth was driven by a favorable commercial dynamic in terms of collecting savings and financing the economy,” explains the Group.
Referring to Attijariwafa bank, customer loans amounted to 374.6 billion dirhams, up 8.5%, representing a consolidation of 29.5 billion dirhams. With regard to deposits, inflows recovered by 30.5 billion dirhams, thus amounting to 411.4 billion dirhams at the end of 2022 (+8%). “The increase in consolidated net banking income is linked to the growth in the contribution of the various business lines, more particularly International Retail Banking (+18.4%) and Insurance (53.4%)”, can be noted in this regard. In addition, Attijariwafa bank’s operating profit increased by 20.2%, thus reaching 11.4 billion dirhams.
Consolidated net income amounted to 7.5 billion dirhams, up 21.1% compared to a year earlier. The group share of net profit came out at 6.1 billion dirhams, an improvement of 17.9%. It should be noted that in 2022, Attijariwafa bank displays a solid balance sheet, solvency and liquidity ratios in notable improvement and profitability at the best standards.
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Attijariwafa bank and UM6P promote innovation
An agreement has just been sealed between the Mohammed VI Polytechnic University (UM6P) and the Attijariwafa bank Group, thus strengthening cooperation in the fields of innovation and technological development and creating synergies between the innovation ecosystem of the ‘UM6P and the Banking Group. The two parties thus undertake to collaborate around six thematic axes. These are emerging technologies through the implementation of the necessary means for the development of solutions in order to stimulate technological development in Morocco.
The second axis identified is that of start-ups and open innovation. An ecosystem of high-performance start-ups will therefore be built to promote innovation, offer new products with high added value and thus better respond to the key issues of tomorrow. In terms of investments, the two parties undertake to support innovative start-ups in their development, through the Positive Invest company affiliated with the Attijariwafa bank Group. The 4th axis relates to the culture of innovation via the establishment of a framework to promote innovation among employees.
With regard to continuing education, Attijariwafa bank and UM6P will collaborate through bridges between the business world and the university ecosystem in terms of certification of skills acquisition paths according to academic prerequisites. With regard to recruitment and academic partnership, synergies will be created around the support of young people in order to strengthen their learning capacities and the development of new skills.