Attijariwafa bank’s net income group share (RNPG) stands at 3 billion dirhams (MMDH) in the first half of 2022 (H1-2022), against 2.6 billion MAD in H1-2021, up +16.2% . For its part, the consolidated net income amounts to 3.8 billion dirhams in H1-2022, against 3.2 billion dirhams in H1-2021, an increase of +18.7%, indicates the bank in a press release on its indicators. financial.
Operating income increased by 14.0% to 5.7 billion dirhams, thanks to improved cost control and the gradual normalization of the cost of risk (-12.9%). explains the press release. For its part, consolidated net banking income (NBI) amounted to 13.1 billion dirhams, an improvement of 4.8% compared to the first half of 2021 (+4.5% at constant scope and exchange rates), benefiting a favorable commercial dynamic in terms of collecting savings and financing the economy. Thus, consolidated customer deposits and loans amounted respectively to 389.3 billion dirhams (+5.6%1) and 353.5 billion dirhams (+3.4%1).
By business segment, the increase in consolidated net banking income is mainly linked to the growth in the contribution of International Retail Banking (+13.7%) and Insurance (+30.5%) For the first half of 2022, Attijariwafa bank posted a solid balance sheet, significantly improved solvency and liquidity ratios and profitability at the highest standards. The RoA (return on assets) stood at 1.23% as of June 30, 2022 compared to 1.10% at the same period last year, and the RoE (return on equity) amounted to 13.8% against 12.1% at the end of June 2021.
In addition, Attijariwafa bank is continuing to finance young project leaders as part of the “Intelaka” initiative, the statement said, adding that as of August 31, 2022, Attijariwafa bank has financed 13,926 project leaders for an amount of 3, 3 billion dirhams, reaching a market share of 41.0% of total loans granted by the banking sector.