attijariwafa bank achieves the fastest quarterly growth in its corporate loans portfolio in 5 years After registering EGP 48.1 bn during 9M-2024

attijariwafa bank has significantly strengthened its corporate loans over the past year, as evidenced by its high portfolio of corporate loans to EGP 48.065 bn by the end of September 2024, compared to EGP 35.333 bn by the end of 2023, with a growth rate of 36.03%, a total increase of EGP 12.732 bn, marking its fastest quarterly growth in 5 years, and its largest ever increase in value.

In terms of growth rates in the past years, during the first 9 months of 2023, the Bank achieved a growth of 26.51% in its total loans to enterprises, while it recorded growth of about 24.94% during the same period in 2022.

As for its performance during the first nine months of 2021, it fell by 2.39%, while by 23.71% during the same period in 2020.

The financial performance of the Bank over the past year reflects a strong trend towards inclusive and sustainable growth, with notable rises in several key financial indicators, reflecting its ambitious strategy and future vision to strengthen its position in the banking market.

The Bank's net profits jumped to EGP 2.761 bn in the first 9 months of 2024, compared to EGP 1.426 bn in the same period from 2023, with growth of 93 .62% and an increase of EGP 1.335 bn.

Profit before income taxes rose by 84.56%, registering EGP 3.870 bn during the first 9 months of 2024, compared to EGP 2.097 bn during the corresponding period of 2023, with an increase of EGP 1.773 bn.

Customer deposit portfolio rose by 26.46% in the first 9 months of 2024, registering EGP 96.587 bn by the end of September, compared to EGP 76.377 bn by the end of 2023, with an increase of EGP 20.21 bn.

The asset portfolio jumped to EGP 114.889  bn by the end of September 2024, compared to EGP 88.661 bn by the end of 2023, with a growth of 29.58% and an increase of EGP 26.228 bn.

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