The first Moroccan banking group announces a consolidated net profit of 3.44 billion dirhams (344 million euros). This is a record absolute value resulting from the integration of former Barclays Egypt into the scope of consolidation.
In terms of performance, net banking income rose by 5% to 11.28 billion dollars. The net result of the bank is 5.52% higher than in the first half of 2017. The NPRI is slightly better, up 6.5% between the two periods.
The African subsidiaries (Egypt, Tunisia and Sub-Saharan Africa make a profit of 1.27 billion dirhams, almost at the same level as the contribution of the subsidiaries Morocco and Europe (1.5 billion FCFA).
It should be noted that Attijariwafa Bank’s Board of Directors has decided to submit to the Extraordinary General Meeting a new public sale offer reserved for employees on favorable terms, according to the group’s financial communication.
