5

days average

supplier payment in 2023

VSMEs represent

83

of

the supplier panel 2023

In order to reduce procurement costs and support the local

economy, Attijariwafa bank group, a major economic player

throughout Morocco, favours local procurement as soon as

possible. By 2023, 78% of the Group's suppliers were of Moroccan

origin, 33% of which were regional.

The Group's responsible and sustainable purchasing policy

has enabled it to reach 83% of its suppliers, of whom 34% are

very small, small and medium-sized enterprises (VSSME). This

approach is consistent with its strategy of financial inclusion

of VSSME.

Percentage of suppliers signing the responsible purchasing

charter: 82% Suppliers

Number of suppliers assessed on environmental and social

criteria: 95 Suppliers

Number of new suppliers approved: 107 Suppliers

Percentage of companies run by women among suppliers

28 Companies

Percentage of VSE suppliers 34 VSEs

Average payment terms 5 days

Percentage of Moroccan and regional suppliers 78

Moroccan 33 régionaux

In order to avoid over-dependence on its suppliers, the Group

has also implemented preventive measures. The Group limits

the accumulated services of a supplier to 35% of its annual

turnover. When registering with the Group, suppliers are also

required to provide detailed information, such as balance

sheets.

In turn, the Group's buyers are instructed to ensure a balance

between suppliers and purchasing quantities per family. In the

event of proven dependency, Attijariwafa bank offers assistance

to the affected supplier in finding alternative arrangements.

Responsible purchasing

Respecting supplier’s payment deadlines is of great importance

to Attijariwafa bank. In 2023, the average payment term for

invoices was therefore maintained at 5 days from receipt.

A STRICT POLICY ON PAYMENT CONDITIONS

A PRENVENTION OF DEPENDENCY

ON SUPPLIERS

A COMMITMENT TO LOCAL PURCHASING

AND TO THE SOLIDARITY-BASED ECONOMY

Annual report

2023

Attijariwafa bank

69