Attijariwafa Bank’s Consolidated Net Banking Income Soars by 11.7% in H1-2023: Findings & Analysis

2023-08-31 15:05:07

Attijariwafa Bank’s consolidated net banking income (NBI) amounted to 14.6 billion dirhams (MMDH) for the first six months of this year, up 11.7% (+14.8% at constant exchange rates) compared to the same period of 2022.

This increase was induced by a favorable commercial dynamic in terms of collecting savings and financing the economy, explains the banking group in a press release. Customer loans and deposits increased respectively to 368.6 billion dirhams (+4.3% and +6.3% at constant exchange rates) and 418.9 billion dirhams (+7.6% and +10.2 % at constant exchange rates). For its part, the NBI of the Moroccan bank amounted to 8.3 billion dirhams for H1-2023, up 10.8%. Loans to customers and deposits of the Moroccan bank recorded respective increases of 6.3% to 255.8 billion dirhams and 7.9% to 286.6 billion dirhams.

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