VSEs and SMEs account
for
74 of
suppliers in 2022
5days average supplier
payment terms in 2022
REDUCED PAYMENT TERMS
The Attijariwafa bank group
pays particular attention to
supplier payment terms. In
2022, supplier payment terms
averaged 5 days from receipt
of invoice, down by more than 9
days since 2016.
ENCOURAGING LOCAL
PURCHASING AND THE
DEVELOPMENT OF THE
SOCIAL ECONOMY
By virtue of its nationwide
presence, the Group in Morocco
favors local purchasing
whenever possible, both to
reduce purchasing costs and to
boost the regional economy.
Thus, 88% of suppliers are
Moroccan, and regional
suppliers account for 85% of
the panel of active suppliers in
2022.
Furthermore, in line with the
Group’s strategy to promote
the f inancial inclusion of Very
Small, Small and Medium-
sized Enterprises (VSEs
and SMEs), the responsible
and sustainable purchasing
approach also involves
encouraging purchasing from
this business category. In
2022, they accounted for 74%
of Attijariwafa bank’s supplier
panel, with VSEs accounting for
33%.
PREVENTING DEPENDENCY
To prevent supplier dependency,
Attijariwafa bank ensures
that the cumulative amount
of services provided by each
supplier does not exceed 35%
of their total annual sales.
Accordingly, suppliers are
required to provide information
such as their balance sheets
when listing their business.
The Group’s buyers have been
carefully instructed to identify
the right balance between
supplier and purchasing volume
in their purchasing strategy for
each group, to ensure that this
limit is not exceeded.
In the event of proven supplier
dependency, support is provided
by the Group to f ind alternative
solutions and expand the
supplier’s market. In 2022,
14 suppliers were identif ied
as being in a situation of
dependency.
Responsible
purchasing