Morocco's Attijariwafa Bank reinforced its position as the Kingdom's largest banking and financial group in 2025, reporting record earnings driven by strong loan and deposit growth, lower credit risk costs, and the continued expansion of its operations across Africa and Europe.
According to the group's official financial results, Attijariwafa Bank generated $3.74 billion in net banking income in 2025, up 5.6% from the previous year. Consolidated net profit reached $1.33 billion, while net income attributable to the group climbed to $1.14 billion, representing a 16.2% year-on-year increase.
The bank also expanded its balance sheet significantly, with total assets rising 9.5% to $85.26 billion, while consolidated shareholders' equity approached $8.63 billion, underlining the group's growing financial strength.
The positive momentum continued into 2026. During the first quarter, net banking income rose 2.9% to $996 million, while consolidated net profit reached $375 million. Net income attributable to the group increased 3.6% to $313 million, supported by continued business expansion.
Customer deposits grew by 10.8%, while loans increased 5.7% compared with the same period of 2025. By the end of 2025, consolidated customer loans totaled $48.01 billion, backed by $56.51 billion in deposits, giving the bank a loan-to-deposit ratio of around 85%.
Interest income remained the group's primary source of revenue. Net interest margin reached $2.26 billion, accounting for approximately 61% of total banking income, while fee and commission income contributed $764 million, or around 20%. Market activities, including trading in bonds, currencies and financial instruments, generated roughly 16% of revenues, alongside insurance and other financial services.
Corporate financing remained a major growth driver. Investment loans surged 42% to $13.4 billion, giving the bank a 36% market share, while corporate lending rose 8% to nearly $22.94 billion. The bank also extended $2.14 billion in new financing to micro, small and medium-sized enterprises, alongside $965 million in household loans, including mortgages and consumer credit.
Profitability was further supported by a sharp decline in credit risk costs. The bank's cost of risk fell 13% in 2025 to $397 million, before dropping another 33.3% during the first quarter of 2026 to approximately $65.3 million, reflecting improved asset quality and lower provisions for non-performing loans.
Beyond Morocco, Attijariwafa Bank maintains one of Africa's largest banking networks, with operations spanning Tunisia, Egypt, Mauritania, Senegal, Côte d'Ivoire, Mali, Cameroon, Gabon, Congo, Togo, Benin, Burkina Faso and Niger, in addition to a European network serving Moroccan and African diaspora communities. The group has also built a diversified financial ecosystem through subsidiaries in insurance, consumer finance, mortgage lending, leasing, factoring, asset management, stock brokerage, payments, money transfers and international trade finance, making it one of the continent's most influential financial institutions.
