Attijariwafa Bank’s net profit jumps by 146.4%, records EGP 434.5 mn At Q1-2023

The Separate Financial Statements of  Attijariwafa Bank -Egypt, which ended on March 31, 2023, revealed an increase in the bank’s net profit, with a growth rate of 146.43%, to record EGP 434.536 mn during the first quarter of 2023, compared to EGP 176.330 mn during the same period of 2022, an increase of EGP 258.206 mn

Attijariwafa Bank’s pre-taxes profits jumped by 125.56% to record EGP 641.776 mn during the first quarter of 2023 compared EGP 284.522 mn during the same quarter of 2022, and an increase of EGP 357.254mn

The bank’s total deposit portfolio increased by a growth rate of 4.47% during the first quarter of this year, after the bank was able to increase its deposits by EGP 2.346 bn, to record EGP54.857bn at the end of March 2023, compared to EGP 52.511 bn at the end of December 2022.

Total assets of the bank increased by 4.31% during the first quarter of this year, to record EGP 64.372 bn at the end of March 2023, compared to EGP 61.713 bn at the end of December 2022, an increase of EGP 2.659 bn.

Total loans and facilities to customers increased by a growth rate of 2.85% during the first quarter 2023, with an increase of EGP 916 mn, to reach EGP 33.096 bn at the end of March 2023, compared to EGP 32.180 bn at the end of December 2022.