67
Attijariwafa bank
Annual report
2021
2022
Other banking income and expenses
Other banking income totaled MAD 2 . 0 billion in 2022 , a rise
of 17 . 5 % from 2021 .
Other banking expenses increased 10 . 4 % , to MAD 1 . 5 billion .
General operating expenses
General operating expenses in 2022 totaled MAD 4 . 9 billion ,
up 2 . 5 % from 2021 . This rise is due mainly to a 4 . 7 % rise in
depreciation and amortization expenses , and a 3 . 5 % increase
in staff costs . The cost - to - income ratio came to 36 . 0 % in
2022 , compared with 36 . 2 % a year earlier .
MAD millions
December
2022
December
2021
Change
MAD
millions
%
Staff costs 2 , 352 2 , 273 79 3 . 5 %
Taxes 65 70 - 5 - 7 . 1 %
External expenses 1 , 730 1 , 723 8 0 . 4 %
Other general operating
expenses
105 93 12 12 . 9 %
Depreciation and amortization
expenses *
600 574 27 4 . 7 %
General operating expenses 4 , 853 4 , 733
121
2 . 5 %
* Tangible and intangible assets
Gross operating income
Gross operating income fell 3 . 3 % in 2022 , to MAD 8 . 0 billion .
This change is due mainly to a 3 . 1 % rise in NBI and to higher
general operating expenses of 2 . 5 % And other non - banking
operating expenses , on the other hand , the deficit result from
financial asset transactions .
Income from ordinary activities
Income from ordinary activities totaled MAD 6 . 3 billion in 2022 ,
up 7 . 5 % from 2021 .
Net provisions totaled MAD 1 , 630 million , compared with MAD
2 , 347 million in 2021 . This change was helped by the gradual
return to normal levels of nonperforming loans subsequent
to economic recovery . The provisions comprise :
• provisions ( net of reversals ) for nonperforming loans and
signature loans of MAD 955 million in 2022 , compared with
MAD 2 , 725 million in 2021 ;
•
other provisions ( net of reversals ) of MAD 675 million in 2022 ,
compared with MAD 378 million in 2021 ;
The coverage ratio for nonperforming loans came to 71 . 3 % in
2022 , compared with 66 . 6 % in 2021 .
Net income
Net income rose by 3 . 3 % in 2022 , to MAD 4 . 2 billion .
Shareholders ’ equity
Shareholders ’ equity ( excl . net income ) grew by 2 . 0 % in 2022 ,
to MAD 43 . 8 billion .
Total assets
At the end of 2022 , total assets totaled MAD 400 . 3 billion , up 3 . 5 %
from the previous year .
SECURITIES
Gross carrying
value
Current value
Redemption
value
Unrealized
capital gains
Unrealized
capital losses
Provisions
TRADING SECURITIES
63 , 263 , 182 63 , 263 , 182
. TREASURY BILLS AND SIMILAR
INSTRUMENTS
42 , 817 , 539 42 , 817 , 539
BONDS 222 121 222 121
OTHER DEBT SECURITIES 1 852 635
1 852 635
EQUITY SECURITIES 18 337 523 18 337 523
SUKUK CERTIFICATES 33 364 33 364
AVAILABLE FOR SALE SECURITIES 1 558 973 1 535 684 3 792 23 289 23 289
TREASURY BILLS AND SIMILAR
INSTRUMENTS
BONDS 1 507 870 1 507 870
OTHER DEBT SECURITIES
EQUITY SECURITIES 51 103 27 814 3 792 23 289 23 289
SUKUK CERTIFICATES
INVESTMENT SECURITIES 10 489 709 10 489 709
TREASURY BILLS AND SIMILAR
INSTRUMENTS
8 951 539 8 951 539
BONDS 200 000 200 000
OTHER DEBT SECURITIES 1 338 170 1 338 170
SUKUK CERTIFICATES