Attijariwafa's net profits jump by 84% in 2024, recording EGP 3.68 bn

Attijariwafa Bank's periodic financial statements for the financial period ended December 31, 2024, released only recently on its official website, revealed that it recorded growth of 83.74% in its net profit, which jumped to 3.68 billion pounds in 2024, compared to 2.01 billion pounds in 2023, with an increase of 1.68 billion pounds.

The bank's pre-income tax profit jumped at a growth rate of 78.36% and an increase of 2.26 billion pounds, recording 5.15 billion pounds in 2024, compared to 2.89 billion pounds in 2023.

Net interest income rose to Pound6.34 billion in 2024, compared to Pound4.25 billion in 2023, with a growth rate of 49.38% and an increase of Pound2.10 billion.

Net fees and commissions  income  rose by 54.76%, reaching 1.29 billion pounds in 2024, compared with 830.94 million pounds in 2023, marking an increase of 455.06 million pounds.

In terms of the bank's financial position, the asset portfolio jumped at a growth rate of 40.71% and an increase of 36.10 billion pounds over the past year, reaching 124.76 billion pounds by the end of 2024, compared to 88.66 billion pounds by the end of 2023.

Customers' deposit portfolio rose by 36.41% over the past year, registering 104.19 billion pounds by the end of 2024, compared with 76.38 billion pounds by the end of 2023, an increase of 27.81 billion pounds.

The bank's total customer loans jumped to 59.55 billion pounds by the end of 2024, compared to 44.02 billion pounds by the end of 2023, growing at 35.27% and registering an increase of 15.53 billion pounds over the past year.