Attijariwafa Bank's net profits grow by 141%, recording EGP 1.43 bn At 9M-2023

The financial statements of Attijariwafa Bank , announced recently on the bank's official website, revealed a 141% increase in its net profits, reaching EGP 1.426 bn during the first 9 months of 2023, compared to 592.1 million during the same period in 2022, with an increase of EGP834.2 mn.  

The bank's pre-tax income profits jumped by 120%, with an increase of EGP1.143 bn, totaling EGP2.097 bn during the first 9 months of 2023, compared to EGP954.2 mn during the same period in 2022.  

The total portfolio of the bank's assets increased by 29.2%, with a value increase of EGP 18 bn during the first 9 months of the current year, reaching EGP 79.7 bn by the end of September 2023, compared to EGP61.7 bn at the end of December 2022.  

The size of the bank's deposit portfolio also increased to EGP68.4 bn by the end of September 2023, compared to EGP52.5 bn at the end of December 2022, showing a growth rate of 30.2% and an increase in value of EGP15.9 bn during the first 9 months of the current year.  

Additionally, the total portfolio of customer loans and facilities increased by 22.8%, with an increase of about EGP 7.3 bn during the first 9 months of the current year, reaching EGP39.5bn by the end of September 2023, compared to EGP32.2 bn at the end of December 2022.