The African appeal bore its fruits
Over H1 2016, the net banking income of Attijariwafa amounted to MAD10.1bn, i.e. a 3.5 % y-o-y increase. This growth was triggered by an 11.6% progress in net commissions to MAD2.167bn and by a 7.9% increase in market activities. However, the bank’s net interest margin remained almost stable at MAD5.7bn despite an apathetic demand.The bank’s EBIT increased by 3.8% to MAD4.41bn, i.e. a 3.8% progress thanks to well-monitored operating expenses (+5,4%) and to a proactive risk management (-5,0%).
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