Attijariwafa Bank's net profits grow by 87%, recording EGP 1.7bn during H1- 2024

The financial statements of Attijariwafa Bank, announced on the bank's official website, revealed a 86.71% increase in its net profits, reaching EGP 1.705 bn during the first half of 2024, compared to EGP913.2mn during the same period of 2023, with an increase of EGP791mn.

The bank's pre-tax income profits surged by 79.02%, with an increase of EGP1.060 bn, totaling EGP2.40bn during H1- 2024, compared to EGP 1.342 bn during the same period of 2023.

The total portfolio of the bank's assets increased by 16.83%, with a value increase of EGP 11.92 bn during the first 6 months of this year, reaching EGP 103.59 bn by the end of June 2024, compared to EGP88.66 bn at the end of December 2023.

The size of the bank's deposit portfolio also increased to EGP88.93bn by the end of june 2024, compared to EGP76.38 bn at the end of December 2023, showing a growth rate of 16.44% and an increase of EGP12.56bn during the first 6 months of the current year.

Additionally, total customer loans and facilities increased by 19.35%, with an increase of EGP 8.52 bn during H1-2024, reaching EGP52.54bn by the end of June 2024, compared to EGP44.02bn at the end of December 2023.