Attijariwafa CEO: We aim to increase loans to EGP50 bn, deposits and assets to EGP 75bn and EGP100 bn by end of 2023

Since  Mouawia Essekelli took over the leadership of Attijariwafa Bank in December 2022, the bank has witnessed significant developments in its key indicators. The bank achieved a remarkable 146.6% growth in its net profits, and also strengthened its asset portfolio with a growth rate of 22.3%.

During the first half of 2023, the bank's deposit and customer loan portfolios experienced a growth of 15% and 15.3% respectively, prompting First Bank to conduct an interview with Mouawia Essekelli, the CEO of Commercial Vafa Bank. In the interview, Mouawia Essekelli revealed the following:

- The bank's total loan portfolio exceeded EGP37 bn by the end of June last year, with plans to surpass EGP 50 bn by the end of 2023. Many loans are currently under consideration at the bank.

- Attijariwafa Bank aims to increase its customer deposit portfolio from EGP60 bn at the end of June last year to EGP75 bn by the end of 2023, indicating a substantial increase in the portfolio at present.

- Essekelli stated that the bank's asset portfolio surpassed EGP 70 bn by the end of June last year, with a target to reach EGP100 bn by the end of 2023.

In terms of geographic expansion, Essekelli mentioned that Bank branches increased to 64 branches so far, aiming to increase it to 68 by end of 2024.

Furthermore, The bank aim to open another 3 specialized Business Center branches to serve medium, small and micro-sized enterprises, Bringing their number to 7 branches.

Additionally, the bank's parent company in Egypt has supported financing for three renewable energy production stations, amounting to approximately 2000 megawatts, in Egypt and other countries such as Morocco and Cameroon.

Attijariwafa Bank is the first African bank to receive a green financing loan from the United Nations Fund, highlighting its commitment to sustainable development, environmental conservation, and combating climate change.

The bank follows a responsible financing policy, aiming to transform its buildings into green structures to meet sustainability standards.

In a related context, CBE's initiatives were emphasized, including mapping out a roadmap for banks to implement digital transformation strategies and providing necessary resources to attract more funding from global banks to support the creation of a broad green system.