Attijariwafa achieves fastest quarterly growth in customer deposits in 4 Years during 2024

Attijariwafa bank revealed that it achieved good growth in the customer deposit portfolio during the first half of this year, with its customer deposit portfolio rising by 16.44%, with an increase of EGP 12.55 bn, reaching EGP 88.93 bn by the end of June 2024, compared to 76.38 bn by the end of December 2023, thus achieving the fastest quarterly growth in the customer deposit portfolio since the end of 2020.

Highlighting the growth rates achieved in the past years, the Bank grew by 14.88% in the first half of 2023, after registering its customer deposit portfolio of EGP 60.33 bn by the end of June last year, compared to EGP 52.51 bn by the end of December 2022

As for its performance during the first 6 months of 2022, the Bank achieved 13.93% growth in customer deposits, moving the portfolio from EGP 37.67 bn by the end of December 2021 and reaching EGP 42.92 bn by the end of June 2022

The Bank recorded a 14% growth rate in the first 6 months of 2021, after its customer deposit portfolio recorded about EGP 35.37 bn by the end of June 2021, compared to EGP 30.97 bn by the end of 2020

It is worth noting that the Bank achieved a significant performance in its key indicators during the year, jumping its net profit by 86.75%, registering EGP 1.71 bn during the first half of 2024, compared to EGP 913 million during the same period in 2023, with an increase of EGP 792 million.

Net interest income rose to EGP 3.04 bn in the first six months of this year, compared to EGP 1.96 bn in the same period in 2023, growing by 55%, and an increase of EGP 1.08 bn.

The Bank's total customer loans rose by EGP 8.52 bn in the first half of this year, after hitting EGP 52.54 bn by the end of June, compared to EGP 44.02 bn by the end of December 2023.