BUSINESS ACTIVITY IN MOROCCO
CUSTOMER DEPOSITS
Attijariwafa bank ’ s customer deposits rose 4 . 9 % in 2022 , to
MAD 274 . 0 billion . This change is the result of :
•an 8 . 1 % rise in non - interest - bearing deposits , to MAD 216 . 8
billion , in line with :
- a 10 . 6 % increase in checking accounts , to MAD 148 . 3 billion ;
- a 0 . 1 % decrease in current accounts with short - term lines
of credit , to MAD 54 . 4 billion ;
• a 5 . 6 % decline in interest - bearing accounts , to MAD 56 . 7
billion .
Attijariwafa bank ’ s market share of customer deposits stood
at 24 . 3 % at the end of 2022 .
Loan disbursals
In 2022 , Attijariwafa bank ’ s loan disbursals rose 7 . 7 % , to MAD
272 . 2 billion . This change is attributable mainly to :
• a 3 . 9 % increase in mortgage loans , to MAD 69 . 7 billion ;
• a 21 . 1 % increase in consumer loans , to MAD 60 . 0 billion ;
• an 8 . 3 % increase in equipment loans , to MAD 63 . 9 billion .
Attijariwafa bank ’ s market share in lending stood at 26 . 1 % at
the end of 2022 .
Attijariwafa bank ’ s nonperforming loans rose 0 . 1 % , to MAD
16 . 5 billion . At the same time , provisions for nonperforming
loans rose 7 . 2 % , to MAD 11 . 7 billion , bringing the coverage ratio
to 71 . 3 % . The nonperforming - loan ratio stood at 6 . 0 % at the
end of the year .
Signature loans
Signature loans grew by 17 1 in 2022 to MAD 179 4 billion bringing
the Bank s market share in this segment to 46 5
Source GPBM
PARENT COMPANY RESULTS
AT DECEMBER 31 2022
Net banking income
At December 31 2022 net banking income NBI totaled MAD
13 . 5 billion , up 3 . 1 % from 2021 . This change is the result of higher
interest margins ( + 2 . 6 % ) , higher fee income ( + 7 . 0 % ) , lower earnings
from market activities ( – 14 . 1 % ) and lower earnings from lease
financing ( - 145 . 1 % ) .
Net banking income breaks down as follows :
2022
Share
of NBI
2021
Share
of NBI
Change
MAD %
Net interest margin 8 , 726 64 . 8 % 8 , 506 65 . 1 % 220 2 . 6 %
Income from lease
financing and similar
agreements
69 0 . 5 % - 152 - 1 . 2 % 221 - 145 . 1 %
Fee income 2 , 151 16 . 0 % 2 , 011 15 . 4 % 141 7 . 0 %
Income from market
activities
2 , 031 15 . 1 % 2 , 365 18 . 1 % - 334 - 14 . 1 %
( + ) Other banking
income
2 , 037 15 . 1 % 1 , 734 13 . 3 % 303 17 . 5 %
( - ) Other banking
expenses
1 , 539 11 . 4 % 1 , 394 10 . 7 % + 146 10 . 4 %
Net banking income 13 , 475 100 . 0 % 13 , 069 100 . 0 % 406 3 . 1 %
Net interest margin
Net interest margin totaled MAD 8 . 7 billion in 2022 , up 2 . 6 % ,
and breaks down as follows :
• Interest and related income rose 1 . 8 % , to MAD 11 . 2 billion .
This change is attributable to higher interest and related
income from customer activities ( + 0 . 9 % ) , higher interest
and related income from activities with credit institutions
( + 9 . 8 % ) , and higher income from securities transactions
( + 7 . 5 % ) .
• Interest and related expenses fell 1 . 5 % , to MAD 2 . 5 billion ,
because of a 4 . 7 % decline in interest and related expenses
from customer activities , and a 15 . 0 % decline in interest and
related expenses from activities with credit institutions .
Income from lease financing and similar agreements
Income from lease financing and similar agreements totaled
MAD 69 million in 2022 compared with a deficit of MAD 152 3
million in 2021
Fee income
Fee income in 2022 totaled MAD 2 2 billion up 7 0 from 2021
Income from market activities
In 2022 income from market activities totaled MAD 2 0 billion
down 14 1 from 2021 This decline is due mainly to the global
rise in bond yields since the beginning of 2022