BUSINESS ACTIVITY IN MOROCCO
CUSTOMER DEPOSITS
Attijariwafa bank’s customer deposits rose 4.9% in 2022, to
MAD 274.0 billion. This change is the result of:
•an 8.1% rise in non-interest-bearing deposits, to MAD 216.8
billion, in line with:
- a 10.6% increase in checking accounts, to MAD 148.3 billion;
- a 0.1% decrease in current accounts with short-term lines
of credit, to MAD 54.4 billion;
• a 5.6% decline in interest-bearing accounts, to MAD 56.7
billion.
Attijariwafa bank’s market share of customer deposits stood
at 24.3% at the end of 2022.
Loan disbursals
In 2022, Attijariwafa bank’s loan disbursals rose 7.7%, to MAD
272.2 billion. This change is attributable mainly to:
• a 3.9% increase in mortgage loans, to MAD 69.7 billion;
• a 21.1% increase in consumer loans, to MAD 60.0 billion;
• an 8.3% increase in equipment loans, to MAD 63.9 billion.
Attijariwafa bank’s market share in lending stood at 26.1% at
the end of 2022.
Attijariwafa bank’s nonperforming loans rose 0.1%, to MAD
16.5 billion. At the same time, provisions for nonperforming
loans rose 7.2%, to MAD 11.7 billion, bringing the coverage ratio
to 71.3%. The nonperforming-loan ratio stood at 6.0% at the
end of the year.
Signature loans
Signature loans grew by 171 in 2022 to MAD 1794 billion bringing
the Banks market share in this segment to 465
Source GPBM
PARENTCOMPANY RESULTS
AT DECEMBER 31 2022
Net banking income
At December 31 2022 net banking income NBI totaled MAD
13.5 billion, up 3.1% from 2021. This change is the result of higher
interest margins (+2.6%), higher fee income (+7.0%), lower earnings
from market activities (–14.1%) and lower earnings from lease
financing (-145.1%).
Net banking income breaks down as follows :
2022
Share
of NBI
2021
Share
of NBI
Change
MAD%
Net interest margin 8,726 64.8%8,506 65.1%220 2.6%
Income from lease
financing and similar
agreements
69 0.5%-152-1.2%221-145.1%
Fee income 2,151 16.0%2,011 15.4%141 7.0%
Income from market
activities
2,031 15.1%2,365 18.1%-334-14.1%
(+)Other banking
income
2,037 15.1%1,734 13.3%303 17.5%
(-)Other banking
expenses
1,539 11.4%1,394 10.7%+146 10.4%
Net banking income 13,475 100.0%13,069 100.0%406 3.1%
Net interest margin
Net interest margin totaled MAD 8.7 billion in 2022, up 2.6%,
and breaks down as follows:
• Interest and related income rose 1.8%, to MAD 11.2 billion.
This change is attributable to higher interest and related
income from customer activities (+0.9%), higher interest
and related income from activities with credit institutions
(+9.8%), and higher income from securities transactions
(+7.5%).
• Interest and related expenses fell 1.5%, to MAD 2.5 billion,
because of a 4.7% decline in interest and related expenses
from customer activities, and a 15.0% decline in interest and
related expenses from activities with credit institutions.
Income from lease financing and similar agreements
Income from lease financing and similar agreements totaled
MAD 69 million in 2022 compared with a deficit of MAD 1523
million in 2021
Fee income
Fee income in 2022 totaled MAD 22 billion up 70 from 2021
Income from market activities
In 2022 income from market activities totaled MAD 20 billion
down 141 from 2021 This decline is due mainly to the global
rise in bond yields since the beginning of 2022