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Attijariwafa bank: The 2021 financial year closed with a net profit of 5.1 billion dirhams

07/03/2022
Categories: Sectors

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The Attijariwafa bank group is accelerating the deployment of its strategic plan for 2025 to regain its pre-crisis performance level. At the end of 2021, the bank recorded a net result of 5.1 billion dirhams.

In a mixed context marked by a vigorous economic recovery in the majority of the countries of presence, Attijariwafa bank ends the year 2021 with a net profit share of 5.1 billion dirhams. Attijariwafa bank's consolidated net banking income (NBI) amounts to 24.4 billion dirhams, up 2.2% compared to 2020 (+3.2% at constant exchange rates), benefiting the diversification of the group's businesses and geographies.

The contribution of the Insurance division recorded a drop of 26.3%, explained by the normalization of the loss ratio of the “automotive” branch. The operating result recorded an increase of +53.7% to settle at 9.5 billion dirhams. Consolidated net income stands at 6.2 billion dirhams, up by +66.2%.

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