Attijariwafa Bank's assets jump by 297.5% in 5 years

Attijariwafa Bank has significantly strengthened its financial position over the past 5 years, which is evident in the increase in the size of its assets to EGP 125.78 bn by the end of March 2025, compared to EGP 31.64 bn by the end of 2019, with a growth rate of 297.5%, and a total increase of EGP 94.14 bn. Tracking its journey over the period under analysis, we find that the highest annual growth rate witnessed by the portfolio was during 2023, when the volume of the bank’s assets increased by about 44%, reaching EGP 88.66 bn by the end of 2023, compared to EGP 61.71 bn by the end of 2022, an increase estimated at about 26.957 bn. While it was the highest value increase recorded by the asset portfolio during the past year, as it jumped by EGP 36.1 bn, to record EGP 124.76 bn by the end of 2024, compared to EGP 88.66 bn by the end of 2023, with a growth rate of 41%. As for the portfolio’s performance during the current year, it rose to EGP 125.78 bn by the end of March 2025, compared to EGP 124.76 bn by the end of 2024, with a growth rate of 1% and an increase of more than EGP one billion. It is worth noting that Attijariwafa Bank Egypt announced that it achieved net profits of EGP 752 mn during the first quarter of 2025, compared to EGP 810 mn during the same period in 2024. The bank's profits before income taxes amounted to about EGP 1.16 bn during the first quarter of 2025, compared to EGP 1.17 bn during the same period in 2024. Its net interest income increased at a growth rate of 18.5% to reach EGP 1.69 bn during the first quarter of 2025, compared to EGP 1.43 bn during the same period in 2024, achieving an increase of EGP 264 mn. Net fees and commissions income at the bank achieved a growth rate of 2.2%, reaching EGP 290 mn during the first quarter of this year, compared to EGP 284 mn during the same period in 2024. The bank’s total customer loans and facilities increased at a growth rate of 2% and an increase of 1.14 billion pounds during the first quarter of this year, to record EGP 60.69 bn by the end of March 2025, compared to EGP 59.55 bn by the end of 2024. The bank's customer deposit portfolio reached EGP 102.61 bn by the end of March 2025, compared to EGP 104.19 bn by the end of 2024. To view more news and analysis about Attijariwafa Bank Egypt and its most prominent achievements, click here