Attijariwafa bankAttijariwafa bank vs MASI

Structure of consolidated net

banking income

2021 2022 2023

48700 39200 46000

200X

155X

171X

204X139X132X

308395359

215140839 215140839 215140839

104774 84335 98965

PRICE

as of December 31

st

2023

as of December 31

st

2023 as of December 31

st

2023

Breakdown of net banking income

of Moroccan subsidiaries

Attijariwafa bank

share price performance

Stock market indicators

1

st

market capitalization in Moroccos banking sector

MAD 990 billion at 31

st

December 2023

Net banking income of Moroccan

subsidiaries: MAD 4,374.9 million

SFS net banking income: MAD 2,849.7 million

BDI net banking income: MAD 10 986,5 million

Insurance net banking income: MAD 1,526.2 million

from 31122015 to 31122023

Breakdown of net banking income

from international subsidiaries by country

PB

PER

DY

Number of shares

Market capitalization

in MAD million

Contribution to consolidated net

banking income by activity

Annual report

2023

Attijariwafa bank

15

Wafa Asssurance

Wafasalaf

Wafacash

Wafa Immobilier

Wafabail

Bank Assafa

Attijari factoring

Wafa LLD

1.3%

2.1%

4.1%

8.9%

9.1%

11.8%

27.8%

34.9%

Tunisia

Senegal

Egypt

Côte d’Ivoire

Cameroon

Gabon

Congo

Mali

Mauritania

Togo

Burkina Faso

Niger

Benin

Other

3.4%

4.7%

8.3%

8.5%

15.0%

15.9%

19.7%

19.8%

0.5%

0.1%

0.1%

0.7%

1.4%

1.9%

61.6%

21.4%

-2.7%

14.0%

5.7%

Interest margin

Commission margin

Results of market activities

Net income from insurance activities

Results of other activities

49.3%

36.3%

9.4%

5.0%

International Retail Banking (IRB)

Specialized Financing Subsidiaries (SFS)

Insurance

Banque Maroc, Europe et Zone Offshore (BMET)

as of December 31

st

2023