First Independent Mena Newspaper
Morocco’s listed banks have entered a virtuous cycle, recording 91.6 billion dirhams in net banking income for 2024, up 12.8 percent year-on-year, significantly exceeding five-year averages and signaling robust sector recovery. Attijari Global Research’s latest report reveals comprehensive performance improvements across all revenue streams. Interest margins grew 6.3 percent driven by credit volume recovery, particularly […]
The Casablanca Stock Exchange achieved a historic milestone last week, crossing the one trillion dirham market capitalization threshold for the first time, confirming the Moroccan financial market’s growing maturity and investor confidence. The benchmark MASI index advanced 1.30 percent during the week, breaking through the psychological 19,000-point barrier. This achievement reflects sustained market consolidation driven […]
Attijariwafa Bank reported a 26.6% increase in its annual 2024 net profit to 950 million dollars, amid an expansion of activity in Morocco and in African subsidiaries. The bank reported an 8% increase in loans to the economy in Morocco, raising its market share to 28.1% from 26.9% in 2023, it said in a statement […]
Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]
The British Sound Energy company announced on Wednesday the extension of its “Gas Sales Agreement” (GSA) sealed with ONEE (Office National de l’Electricité et de l’Eau Potable) and Attijariwafa bank funding deal until 31st December 2023. Executive Chairman of the company Graham Lyon) said: “various elements within the GSA are being amended to meet the […]
Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]
Attijariwafa bank won the award of “Best bank in Morocco for the year 2022” during the “World Best Banks Awards” trophy ceremony organized by the prestigious American magazine Global Finance. The new distinction confirms the position of Attijariwafa bank as national leader in its field of activity. This award, the 9th won by the Moroccan […]
Attijariwafa bank, one of Morocco’s leading banking institutions, has expanded its “Dar Al Moukawil” network with the inauguration of its 16th center in the city of Laâyoune, on the occasion of the 46th anniversary of the Green March. The institution is thereby strengthening its support for small businesses and project leaders in the Moroccan […]
Attijariwafa bank Egypt has entered into partnership with U.S-based MoneyGram International in view of supporting the Arab country’s financial inclusion policy, Arab Finance reports. The Moroccan bank in a statement said with the new partnership, MoneyGram’s clients worldwide will be able to transfer remittances to be received at any of its 65 branches in Egypt. […]
Attijariwafa bank has added a new trophy to its rich record of accomplishments at national and continental levels, after the prestigious international journal Global Trade Review named the banking institution as Leader in Trade in Morocco in 2020. This trophy rewards leading banks in terms of financing foreign trade in their country. The Casablanca-based Attijariwafa […]