Attijariwafa bank’s loans to deposit ratio increased to 59.07% by June 2024end
First Bank
The separate financial statements of Attijariwafa bank, ending on June 30 of the current year, revealed an increase in loans to deposits ratio, to reach 59.07% by the end of June 2024, compared to 57.64% by the end of December 2023.
Attijariwafa bank witnessed good performance in its key indicators, as the Bank's deposit portfolio increased by 16.44%, an increase of EGP 12.56bn in the first 6 months of the current year, totaling EGP 88.93 bn by the end of June 2024, compared to EGP 76.38 bn by the end of December 2023.
The bank's total customer loans rose by 19.35% during the first half of the current year, to record EGP52.54bn by the end of June 2024, compared to EGP 44.02 Bn by the end of December 2023.
At the level of financial position, Attijariwafa bank achieved a growth rate of 16.83% during the first half of this year, as total assets recorded around EGP103.59bn by the end of June 2024, compared to EGP88.66 bn by the end of December 2023, achieving an increase of EGP14.92bn.
In addition, the bank’s net profits surged by 86.71%, with an increase of EGP792mn, registering EGP 1.705 bn during H1- 2024, compared to EGP913.2mn during the same period of 2023.
