Attijariwafa bank achieves the fastest quarterly growth in its customer loan portfolio in 5 years

Attijariwafa bank expanded credit to customers during the current year, as evidenced by the rise of its total portfolio of customer loans to EGP 58.635 bn by the end of September 2024, compared to EGP 44.019 bn by the end of 2023, with a growth of 33.20% and a total increase of EGP 14.616 bn, marking the fastest quarterly growth in 5 years

This strong performance is attributable to the Bank's deliberate policies, as well as its expansion strategy aimed at meeting the needs of clients in various sectors, both at the individual and corporate levels

In terms of growth rates in the past years, during the first 9 months of 2023, the Bank achieved a growth of 22.80% in its total loans to customers, while it recorded a growth of 23.84% during the same period in 2022

As for its performance during the first nine months of 2021, it recorded a decline of about 3.64% in its total loans to customers, while it achieved a rise of about 28.54% during the same period of 2020

The financial performance of Attijariwafa bank during the current year reflects a strong trend towards inclusive and sustainable growth, with marked rises in several key financial indicators, reflecting its ambitious strategy and future vision to strengthen its position in the banking market.

The bank's net profits jumped to 2.761 billion pounds in the first 9 months of 2024, compared to EGP 1.426 bn in the same period from 2023, with growth of 93 .62% and an increase of EGP 1.335 bn.

The share in the Bank's profits rose from early January to the end of September to EGP 42.96 per share, compared to EGP 25.67 per share during the same period from 2023, with a growth of 67.35% and an increase of EGP 17.29 per share.

The asset portfolio rose to EGP 114.889 bn by the end of September 2024, compared to EGP 88.661 bn by the end of 2023, with a growth of 30% and an increase of EGP 26.228 bn

The customer deposit portfolio jumped by 26.46% in the first 9 months of 2024, recording EGP 96.587 bn by the end of September, compared with EGP 76.377 bn by the end of 2023, with an increase of EGP 20.21 bn.