Attijariwafa Bank's investment thought by end of 2022

Attijariwafa bank's financial statements, which ended on December 31, 2022, revealed that the bank's total assets grew by 32.58% over the past year, to record EGP 61.7 bn at the end of 2022, compared to EGP 46.5 bn at the end of 2021, and an increase of EGP 15.2 bn.

By monitoring the investment trends of Attijariwafa bank during the past year, we found that the bank tended to invest its money in granting loans at the expense of financial investments.

This is obvious in the increase witnessed in the relative weight of loans at the end of December 2022, compared to December 2021, financial investments also witnessed an increase in their relative weight out of total asset portfolio at the end of last December.

loan portfolio obtained the largest share of investment trends, as it acquired a relative weight of 50.14% of the bank’s total assets at the end of December 2022, compared to 49.39% at the end of December 2021, bringing net portfolio of loans and facilities to customers and banks at a growth rate of 34.59% over the past year, recording 30.9%, EGP 1 bn at the end of December 2022, compared to EGP 23 bn at the end of December 2021, an increase of EGP7.9 bn.

Despite its high relative weight, financial investment portfolio ranked second in the bank’s investment trend, as it acquired a relative weight of 31.18% of the bank’s total assets at the end of December 2022, compared to 29.85% at the end of December 2021, bringing the total portfolio to EGP 19.2 bn at the end of December. 2022, compared to 13.9 bn at the end of December 2021, growing at a rate of 38.52% and an increase of EGP5.4 bn over the past year.

Cash and balances of Attijariwafa bank with CBE constituted the third largest relative weight of the bank’s total assets, at 9.30% at the end of December 2022, compared to 8.87% at the end of December 2021, after its total value recorded about EGP5.7 bn at the end of December 2022, compared to EGP4.1 bn at the end of December 2021. , with a growth rate of 38.93%, and an increase of 1.6 bn.

Bank balances for assets portfolio ranked fourth, despite the decline in its percentage, as it obtained a relative weight of 5.59% of the bank’s total assets at the end of December 2022, compared to 7.81% at the end of 2021, bringing total balances with banks to EGP3.4 bn at the end of December 2022. , compared to EGP 3.6 bn at the end of December 2021.

Other assets obtained a relative weight of 2.25% of the bank’s total assets at the end of last year, compared to 2.03% at the end of December 2021, after it increased at a growth rate of 47.35%, to reach EGP 1.4 bn by the end of 2022, compared to EGP944 mn at the end of the previous year.

Total corporate loans acquired a relative weight of 77.59% of total loan portfolio at the end of December 2022, compared to 76.51%, at the end of December 2021.

After the bank’s total corporate loan portfolio increased by a growth rate of 36.21% and an increase of EGP6.6 bn over the past year, to record EGP 25 bn at the end of last December, compared to EGP18.3 bn at the end of December 2021.

While the bank's total retail loan portfolio recorded a relative weight of 22.41% of the bank's total loans at the end of December 2022, compared to a relative weight of 23.49% of the bank's total customer loans at the end of December 2021.

After total retail loan portfolio increased by a growth rate of 28.12% and an increase of EGP1.6 bn over the past year, to record EGP7.2 bn at the end of last December, compared to EGP 5.6 bn at the end of December 2021.