Attijariwafa Bank: 16.2% increase in NIGS in the 1st half of 2021

Attijariwafa Bank: 16.2% increase in NIGS in the 1st half of 2021
Attijariwafa Bank: 16.2% increase in NIGS in the 1st half of 2021

The achievements of the Attijariwafa Bank group are up in the first half of 2021. The net income group share reached 3 billion dirhams, up 16.2%.

The consolidated net banking income of the Attijariwafa Bank group amounted to 13.1 billion dirhams, an improvement of 4.8% compared to the first half of 2021 (+4.5% at constant scope and exchange rates), benefiting from a favorable commercial dynamic in terms of collecting savings and financing the economy.

The deposits and credits to consolidated customers stand respectively at 389.3 billion dirhams (+5.6%) and 353.5 billion dirhams (+3.4%).

By business segment, the increase in consolidated net banking income is mainly linked to the growth in the contribution of International Retail Banking (+13.7%) and Insurance (+30.5%) .

Operating income increased by 14% to 5.7 billion dirhams thanks to improved cost control and the gradual normalization of the cost of risk (-12.9%).

Consolidated net income amounted to 3.8 billion dirhamscompared to 3.2 billion dirhams in the first half of 2021, i.e. +18.7% increase.

For its part, net income group share stands at 3 billion dirhamscompared to 2.6 billion dirhams in the first half of 2021, growth of +16.2%.

For the first half of 2022, Attijariwafa bank posted a solid balance sheet with improving solvency and liquidity ratios.

The article is in French

Tags: Attijariwafa Bank increase NIGS #1st

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