Attijariwafa's corporate sector is performing significantly during 2024

Corporate sector of Attijariwafa witnessed a remarkable development during the first 9 months of 2024, driven by the efforts of Mouawia Essekelli, Executive Board Member and Managing Director of the Bank.

This growth has not only increased the volume of funding, but also extended to strengthening corporate deposits, which have seen strong growth reflecting the growing level of confidence of companies and institutions in the Bank's services.

This positive development reflects the efficiency of the strategies adopted by Attijariwafa and its effective response to customers' needs, both in terms of innovative financial solutions and supporting the cash liquidity of corporates of various sizes and sectors.

This achievement not only reflects the Bank's ability to deliver flexible and inclusive financing solutions, but also its commitment to building long-term partnerships with its customers, which contributes to supporting business growth and boosting the economy in general.

Record jump in corporate loans

The Bank has significantly strengthened its corporate finance over the past year, as evidenced by its high portfolio of enterprise loans (including microcredit for economic activities) to 48.065 billion pounds by the end of September 2024, compared to 35.333 billion pounds by the end of 2023, a growth rate of 36.03%, a total increase of 12.732 billion pounds, marking its fastest quarterly growth in 5 years, and its largest ever increase in value.

This strong performance was driven mainly by an increase in corporate current account balances, which rose to 13.29 billion pounds by the end of September 2024, compared to 8.77 billion pounds by the end of 2023, a growth of 51.49% and an increase of 4.52 billion pounds.

The direct loan portfolio rose by 61.88% in the first 9 months of 2024, registering 7.89 billion pounds by the third quarter of 2024, compared to 4.87 billion pounds by the end of 2023, a total increase of more than 3 billion pounds.

Syndicated loan portfolio jumped from 1.17 billion pounds by the end of 2023, to 1.2 billion pounds by the end of September 2024, a growth rate of 2.40%, while the other loans recorded 25.69 billion pounds by the end of the same period.