RISK MANAGEMENT AT

THE HEART OF CORPORATE

GOVERNANCE

The governance and organization

of risk management

systematically specify and apply

the management principles laid

down by the bank’s governing

bodies. The responsibilities of

the key players have been clearly

established to better coordinate

joint actions. These players are

the Board of Directors, General

Management, the Decision-

Making Committees and the

Global Risk Management

unit. Supporting the Board of

Directors and chaired by the

Chairman and Chief Executive

Off icer, the Risk Committee

examines and authorizes major

transactions in which the

Group makes commitments

(loans, collections, investments,

purchases, etc.). The Committee

monitors trends in risk

indicators and sets guidelines

for risk management.

IDENTIFYING RISKS TO

MANAGE THEM MORE

EFFECTIVELY

In 2022, the Group has continued

the specif ic efforts it put in place

since March 2020 to design and

continuously update economic

scenarios and incorporate

them into the various exercises

carried out internally, notably

the risk appetite framework,

the budgeting process strategic

planning and regulatory

exercises Internal Crisis

Recovery Plan ICRP and

Internal Capital Adequacy

Assessment Process ICAAP

Indicators and risk appetite

levels are continually updated to

take into account changes in the

macroeconomy and risks

CONTINUALLY ADAPTING

THE INTERNAL RATING

SYSTEM

Internal rating is a decision-

making aid as well as a risk

monitoring tool. It is one of the

ways in which risk deterioration

or improvement is identif ied

during periodic portfolio reviews.

As in every year, in 2022 the

internal rating model for

companies was calibrated for

the portfolio rating. It served as

the basis for the requirements

of the new IFRS 9. In addition

to f inancial elements, the

new model takes into account

qualitative and behavioral

elements. It covers most of

the bank’s commitments. It is

based on a proven statistical

approach and on feedback from

risk managers. As a result,

its predictive power has been

enhanced.

FURTHER PROMOTING A

RISK CULTURE

A number of workshops and

webinars have been organized

between the Risk Department

and the business lines to keep

abreast of developments in the

various sectors of the national

economy, and to reinforce

customer proximity and support,

particularly for those customers

struggling in the wake of the

Covid-19 crisis.

STRENGTHENING THE

GROUPS OPERATIONAL

EFFICIENCY

For the Attijariwafa bank group

operational performance is a

major lever in enabling it to

pursue its growth under the best

possible conditions

Optimizing growth means

constantly enhancing the

customer experience, improving

competitiveness and regularly

reviewing processes.

Several Group entities, notably

those in charge of information

systems, purchasing and data,

are working hard to meet these

challenges. They are committed

to putting technology at the

heart of the Group’s business

model, improving its operational

methods and continuing the

transformation process already

underway.

As part of its new @mbitions

2025 strategic plan, the Group

intends to increase the use of

technology in all its businesses

to improve operational eff iciency.

A RIGOROUS

ENVIRONMENTAL AND

SOCIAL RISK MANAGEMENT

SYSTEM

To more effectively take into

account the environmental and

social risks of its f inancing,

in 2018 the Group launched

an upgrading process along

these lines with the planned

implementation of an ESRMS

(Environmental and Social

Risk Management System).

This system, integrated into

the overall risk assessment,

will enable the Group to meet

the needs of its customers

while ensuring that their

Environmental Social and

Governance ESG impacts are

kept to a minimum Initially the

system will cover all corporate

investment loans in Morocco

and largescale projects in

Africa with a particular focus on

sensitive business sectors and

largescale projects

Forme more information about the Groups Risk Management Policy