Attijariwafa Bank’s net profits grow by 146.6% during H1-2023, recording EGP 913.2 mn

The latest business results of Attijariwafa Bank released today on the bank's website, revealed an increase in the bank’s net profit, with a growth rate of 146.63%, to record EGP 913.2 mn during the first 6 Months of 2023, compared to EGP 370.6 mn during the same period of 2022, an increase of EGP 542.9 mn.

Attijariwafa Bank’s pre-taxes profits rose to reach EGP 1.342 bn during the first Half of 2023 compared EGP 585.9 mn during the same period of 2022, achieving a growth rate of 129%, and an increase of EGP 755.7 mn.

The bank’s total assets increased with a growth rate of 22.32% during the first Half of this year, to record EGP 75.5 bn at the end of June 2023, compared to EGP 61.7 bn at the end of December 2022.

Total loans and facilities to customers increased by 15.25% during the first Half 2023, to reach EGP 37.1 bn at the end of June 2023, compared to EGP 32.2 bn at the end of December 2022, With an increase of EGP 4.9 bn.

Moreover, The bank’s total deposit portfolio increased by a growth rate of 14.88% during the first Half of this year, after the bank was able to increase its deposits by EGP 7.8 bn, recording EGP 60.3 bn at the end of June 2023, compared to EGP 52.5 bn at the end of December 2022.