Attijariwafa bank's corporate sector achieves a record leap under Mouawia Essekelli leadership

The business sector in Attijariwafa Bank has undergone a remarkable development in 2024, thanks to strategic efforts led by Mouawia Essekelli, Executive Board Member and Managing Director of the Bank.

This growth not only increased the amount of corporate loans, but also extended to strengthening the deposits of corporates, which recorded strong growth reflecting the rising level of confidence of companies in the banking services provided. 

This strategy yielded tangible results, reflected in the growth of the corporate loan portfolio (including microcredit for economic activities) by about 37.71% over the past year, registering 48.659 billion pounds by the end of 2024, compared to 35.334 billion pounds by the end of 2023, representing an overall increase of 13.326 billion pounds. 

This strong performance was driven mainly by an increase in corporate current account balances, which rose to 13.735 billion pounds by the end of 2024, compared to 8.772 billion pounds by the end of 2023, with a growth rate of 56.59%, and an increase of about 4.963 billion pounds. 

The portfolio of direct loans to corporates rose by 75.56% over the past year, reaching 8.556 billion pounds by the end of 2024, compared with 4.873 billion pounds by the end of 2023. Syndicated loan portfolio jumped from 1.169 billion pounds by the end of 2023, to 1.464 billion pounds by the end of 2024, with a growth rate of 25.30%, and a total increase of 295.678 million pounds.

As for other loans, it reached 24.904 billion pounds by the end of 2024, compared with 20.520 billion pounds by the end of 2023, a growth of 21.37% year-on-year. 

The corporate sector contributed about 81.71% to the Bank's total finance portfolio, which jumped to 59.548 billion pounds by the end of 2024, compared to 44.020 billion pounds by the end of 2023, with a growth rate of 35.28% and a total increase of 15.528 billion pounds. 

On the other hand, the corporate deposit portfolio jumped 42.23% over the past year, reaching 70.317 billion pounds by the end of 2024, compared with 49.441 billion pounds by the end of 2023, representing an increase of 20.877 billion pounds. 

The corporate sector accounted for 67.49% of the Bank's total deposit portfolio, after WAFA's customer deposit portfolio rose to 104.187 billion pounds by the end of 2024, compared to 76.377 billion pounds by the end of 2023, with a growth rate of 36.41%.