ANALYSIS OF CONSOLIDATED ACTIVITY
Total assets
At the end of 2022 , Attijariwafa bank Group had total assets
of MAD 630 . 4 billion , a rise of 5 . 7 % from the previous year .
By geographic area , 74 . 0 % of total assets are in Morocco , with
the rest in other North African countries , WAEMU , EMCCA
and Europe .
Total assets comprise loans and advances to customers
( 59 . 4 % ) , financial assets at fair value through profit or loss
( 9 . 7 % ) and available - for - sale financial assets ( 11 . 7 % ) . These
three items account for 80 . 7 % of total assets .
Uses of assets
2022 2021
13 . 7 %
9 . 7 %
11 . 7 %
5 . 6 %
59 . 4 %
13 . 8 %
11 . 9 %
11 . 7 %
4 . 8 %
57 . 9 %
Others
Loans and advances
to financial institutions
at amortised cost
Financial assets at fair value
through other
comprehensive income
Financial assets at fair value
through profit or loss
Loans and advances
to customers
at amortised cost
The increase in assets is attributable mainly to the :
• 8 . 5 % increase in loans and advances to customers , to
MAD 374 . 6 billion ;
• 23 . 2 % increase in loans and advances to credit institutions
and similar establishments , at amortized cost , to MAD
35 . 2 billion ;
5 8 increase in available for sale financial assets to
MAD 73 6 billion
7 1
9 9
3 0
3 0
3 3
7 1
10 0
4 1
65 3
63 9
11 5
11 9
2022 2021
Others
Subordinated debts
Debt securities issued
Shareholder s equity
Amounts owing to credit
institutions
Amounts owing
to Customers
The rise in liabilities is attributable to :
•
an 8 . 0 % increase in customer deposits , to MAD 411 . 4 billion ;
•
a 4 . 9 % increase in payables to credit institutions and similar
establishments , to MAD 44 . 5 billion .
•
a 3 . 9 % increase in shareholders ’ equity , to MAD 62 . 1 billion .
Deposits
At the end of 2022 , customer deposits of MAD 411 . 4 billion
accounted for 65 . 3 % of total liabilities , compared with MAD 380 . 9
billion a year earlier , a rise of 8 % . This change is attributable to :
•
a 5 . 0 % rise in Morocco , Europe and offshore banking zone
deposits , to MAD 280 . 3 billion ;
• a 14 . 9 % increase in international retail banking deposits ,
to MAD 124 . 8 billion ;
• a 21 . 8 % increase in specialized finance subsidiary deposits ,
to MAD 6 . 3 billion .
Loans and advances
At the end of 2022 , loans and advances to customers totaled
MAD 374 . 6 billion , up 8 . 5 % . This growth is the result of rises
in consumer loans granted by the Bank in Tangier and the
offshore zone ( + 6 . 7 % ) , international retail banking ( + 13 . 3 % ) ,
specialized finance subsidiaries ( + 8 . 6 % ) and insurance entities
( + 15 . 8 % ) .
The loan - to - deposit ratio came to 91 . 1 % , compared with
90 . 6 % in 2021 .
Consolidated shareholders equity
Consolidated shareholders equity totaled MAD 62 1 billion a
rise of 3 9 from a year earlier
Group solvency
At December 31 2022 Attijariwafa bank Group had a tier 1
capital ratio of 11 16 and a capital adequacy ratio of 12 71
both above the regulatory minimum of 9 and 12 respectively