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Financial Highlights December 2019

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Attijariwafa bank

2019

Group’s Profile

Attijariwafa bank is a leading banking and financial Group in North Africa, WAEMU (West African Economic and Monetary Union) and EMCCA (Economic and Monetary Community of Central Africa)..

Financial highlights

Consolidated/IFRS at 31 December 2019

Network, customers & staff

at 31 December 2019

532.6 (4.4%)
23.5 (4.9%)
7.0 (3.2%)

Billion MAD

Total assets

Branches

5,265 3,508
302

Branches in Morocco Branches in North Africa Branches in West Africa Branches in Central Africa

Net banking income Net income

Billion MAD Billion MAD

688

5.8 (1.9%)

Billion MAD

Net income group share

ROE(1)

697

14.8%
1.3%

  • NPL ratio
  • 6.6%

95.1% 47.8% 0.46%

Branches in Europe and the Middle East and America

70

ROA(2)

Coverage ratio Cost-to-Income ratio Cost of risk
Total Capital ratio(3) Core Tier 1(3)
13.0% 10.2%

employees

20,602
10.2

million customers

(1) Net income /shareholders’ equity excluding net ncome (2) Net income /total assets (3) Forecast data as of December 2019

  • Shareholding Structure
  • Board of Directors

  • at 31 December 2019
  • at 31 December 2019

46.4%

Mr. Mohamed EL KETTANI Chairman of the Board Mr. Mohammed Mounir EL MAJIDI Director, Representing SIGER

Mr. Hassan OURIAGLI Director, Representing AL MADA

Mr. Abdelmjid TAZLAOUI Director

2.9%
5.1%
27.4%
18.1%

Mr. Aymane TAUD Director Mr. Abed YACOUBI SOUSSANE Director Mr. José REIG Director

Mr. Manuel VARELA Director, Representing Santander

Mr. Aldo OLCESE SANTONJA Independant Director

Mr. Lionel ZINSO Independant Director

  • AL MADA Group
  • Local Institutions
  • Free-float and others

Santusa holding s.l. (Santander)
Attijariwafa bank staff

Mrs Wafaa GUESSOUS Secretary of the board

Committees issued from Board of Directors

Strategic Committee
Group Risk
Committee Group

  • Group Audit
  • Appointment and
  • High procurement
  • Permanent

members
Committee Group Remuneration Committee Group* Committee Group

Mr. Mohamed EL KETTANI Mr. Hassan OURIAGLI Mr. Abdelmjid TAZLAOUI Mr. José REIG

••••

--

•
••

-

•

--

•

--

••

-

•

-

•••••

--

•

-

••

--

•

Mr. Mohammed Mounir EL MAJIDI Mr. Abed YACOUBI-SOUSSANE Mr. Aymane TAUD

(*) 3 sub-committees issued from «Appointment and Remuneration Commiittee» with different compositions depending on the prerogatives of each sub-committee.

  • Breakdown of Consolidated
  • Contribution to consolidated Net Banking

  • Net Banking Income at 31 December 2019
  • Income by activity at 31 December 2019

Net Interest Income Net Fee Income
Banking in Morocco, Europe and Offshore zone (BMET) International Retail Banking (IRB)

63.6%

Income from Market Activities Net Income from Other Activities
Specialized Financial Companies (SFC) Insurance

51.4%
-1.4%
15.8%
4.8%
33.2%
10.5%

21.9%

  • Breakdown of Moroccan
  • Breakdown of International NBI

  • Companies’ NBI at 31 December 2019
  • by Geography at 31 December 2019

NBI of Moroccan subsidiaries: MAD 3,661.9 million

NBI SFC: MAD 2,514.5 million
NBI IRB: MAD 7,923.7 million

NBI Insurance: MAD 1,147.4 million

  • Mauritania
  • Attijari

  • 2.2%
  • Factoring

Togo
Wafa LLD

2.5%
Congo
1.3%
3.6%

Wafa Immobilier
9.8%
4.0%
Mali

4.5%
Tunisia 20.4%

Cameroon
9.3%
Wafabail

9.9%
Wafa Assurance
31.3%
Gabon
9.4%
Senegal 18.8%
Wafacash
13.0 %

Egypt

  • 15.0%
  • Wafasalaf

29.8%
Ivory-Coast
15.1%

Attijariwafa bank’s share price

  • performance
  • Stock Market Indicators

from 12/31/2011 au 02/21/2020

Attijariwafa bank vs MASI

  • 2017
  • 2018
  • 2019

Attijariwafa bank

  • Price
  • 484

2.27x
453
2.14x
499
2.20x

Largest bank by market capitalization in Morocco: MAD 104,7 billion at 31 December 2019

P/B

180

Base 100 Dec 2019

  • MASI
  • ATTIJARIWAFA BANK

  • PER
  • 18.27x

2.58%
16.66x
2.87%
18.01x
2.71%

2016

DY

155 130 105 80

2015

AWB :+22.2% MASI :+30.5%

2014

AWB : -1.8% MASI : -7.2%

  • Number of Shares
  • 203,527,226 209,859,679 209,859,679

98,507 95,066 104,720

AWB : +12.8% MASI : +5.6%

2013

AWB : -2.6% MASI : -2.6%

Market capitalization (in MAD million)

2018

  • 2017
  • 2019

AWB : -6.4% MASI : -8.3%
AWB : +17.2%

MASI : +6.4%
AWB : +10.2% MASI : +7.1%

  • 12/31/12
  • 12/31/13
  • 12/31/14
  • 12/31/15
  • 12/31/16
  • 12/31/17
  • 12/31/18
  • 12/31/19

An internationally-oriented Banking and Financial Group...

Attijariwafa bank
Europe

Branches : 66 Market share : NA

  • Attijari bank Tunisie
  • Attijari bank Mauritanie Attijariwafa bank Egypt

Branches : 208 Market share : 8.7%
Branches : 30
Market share : 10.3%
Branches : 64
Market share : 1.0%

Societe Commerciale ́e Banque Cameroun

Branches : 55

  • Créit ́u Congo
  • Union Gabonaise

́e Banque

  • Branches : 22
  • Branches : 20

  • Market share : 11.0%
  • Market share : 11.0%
  • Market share : 16.8%

Compagnie Bancaire ́e l’Afrique ́e l’Ouest

Branches1 : 94

  • Créit ́u Senegal
  • Banque Internationale

pour le Mali

Branches : 73
Market share : 8.1%

Societe Ivoirienne
́e Banque

Branches : 64

Banque Internationale pour l’Afrique au Togo

  • Branches : 11
  • Branches : 8

  • Market share : 2.7%
  • Market share : 13.8%
  • Market share : 10.2%
  • Market share : 5.5%

Loan market share as of December 2019. 1- including Burkina Faso, Niger and Benin.
Representative offices (Riyadh, Dubaï, Abu Dhabi, London, Geneva and Montréal).

...Supported by best-in-class factories

Wafa Assurance

Branches : 381
Market share : 18.8%

Wafasalaf

Branches : 44
Market share: 31.7%

Wafa Immobilier

Branches : 60
Market share : 24.8%

Wafabail

Branches : NA
Market share: 25.9%

Attijari Factoring Maroc

Branches : NA
Market share : 43.0%

Bank Assafa

Branches : 37
Market share : 42.0%

  • Wafacash
  • Wafa LLD

Branches : NA
Market share : 18.0%

Attijari Interméiation

Branches : NA
Market share: 28.5%

Wafa Gestion

Branches: NA
Market share: 24.7%

Attijari Finances Corp.

Branches : NA Market share : NA

Wafa Courtage

Branches : NA Market share : NA
Branches1 : 1850 Market share : NA

Note : Loan market share as of December 2019 except Wafa Assurance and Wafasalaf (June-19) (1) Excluding 439 in West Africa and 600 in Central Africa NA : Not Applicable

Financial Indicators

+9%

305.1

  • +6%
  • +5%

332.0

+1%

+10%

50.5

+7%

+8%

509.9

+4%

335.6

  • 323.8
  • 53.9

532.6

  • 279.7
  • 46.1

316.2
471.5

  • 01/01/18 12/31/18 12/31/19
  • 01/01/18 12/31/18 12/31/19
  • 01/01/18 12/31/18 12/31/19
  • 01/01/18 12/31/18 12/31/19

  • Shareholders’Equity
  • Total Assets

in Billion MAD

  • Customer Loans
  • Customer Deposits

  • in Billion MAD
  • in Billion MAD
  • in Billion MAD

+3%

22.4

  • -
  • +5%

12.2

  • +2%
  • +3%
  • +3%
  • +2%

27.7

+5%

23.5
7.0
6.7
21.6

  • 11.7 11.7
  • 27.2

  • 6.6
  • 26.5

  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19

Net Income

in Billion MAD

  • Earning per share(1)
  • Net Banking Income
  • Gross Operating Income

  • in MAD
  • in Billion MAD
  • in Billion MAD

  • -0.19pt
  • -0.07pt
  • -0.2pt
  • -0.2pt
  • +20 pts +0.1 pt

  • +6%
  • +3%

23.0
95.1
95.0

0.72
7.0

6.8
75.1

  • 22.3
  • 6.6

0.53
21.0

0.46

  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19
  • 12/31/17 12/31/18 12/31/19

  • NPL Ratio
  • Non Performing Loans
  • Cost of Risk
  • Coverage Ratio

  • in %
  • in Billion MAD
  • in %
  • in %

(1) Net Income Group Share / Number of Shares

Rating

  • February 2020
  • November 2019

Fitch Rating

December 2019 Moody’s

Standard & Poor’s

Long-term in foreign currency Short-term in foreign currency Long-term in local currency Outlook
BB+
B
Long-term Short-term Outlook
Ba2 NP
Long-term Short-term Outlook
BB B
AA-(mar) stable
Stable stable

Headquarter

2, boulevard Moulay Youssef, 20000 Casablanca, Maroc Phone: +212 (0) 5 22 29 88 88

  • Fax:
  • +212 (0) 5 22 29 41 25

www.attijariwafabank.com http://ir.attijariwafabank.com

Financial Information ań Investor Relations: Ibtissam ABOUHARIA

E-mail : [email protected] http://ir.attijariwafabank.com

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  • Attijariwafa Bank Morocco

    Attijariwafa Bank Morocco

    Attijariwafa Bank Morocco Active This profile is actively maintained Send feedback on this profile Created on: Nov 2 2020 Last update: Dec 31 2020 About Attijariwafa Bank Attijariwafa Bank is a Moroccan multinational commercial bank and financial services company, headquartered in Casablanca. It was established in 2003 after a merger between Banque Commerciale du Maroc and Wafabank. The bank's largest shareholder is king Mohammed VI's holding company Société Nationale d'Investissement (SNI). The bank maintains offices in China, France, Belgium, Spain, Italy, Milan, The Netherlands, Tunisia, Senegal, Ghana, Mauritania and Mali. Website https://www.attijariwafabank.com/en Headquarters 2 boulevard Moulay Youssef BP 11141 2000 Casablanca Morocco CEO/chair Mohamed El Kettani CEO Supervisor Bank Al-Maghrib Annual Annual report 2019 CSR report 2019 reports CSR report 2018 Annual report 2018 Ownership Atijariwafa bank's largest shareholder is SNI (also know as Al Mada) with 46.4%. The bank's complete shareholder structure can be accessed here. Complaints and grievances Sustainability Voluntary initiatives Attijariwafa Bank has committed itself to the following voluntary standards: OECD Guidelines for Multinational Enterprises United Nations Global Compact Universal Declaration of Human Rights Investment policies Atijariwafa's bank webpage on corporate social responsibility can be accessed here. CSR Approach Dec 31 2018 | Atijariwafa bank Principles of responsible purchasing Oct 4 2018 | Atijariwafa bank Good moves Related Dodgy Deals Attijariwafa Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
  • 2014 Annual Report

    2014 Annual Report

    2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 This is a particularly important year for Attijariwafa bank as we complete our one hundred and tenth year. We are therefore celebrating more than a century of providing banking and banking- related activities in the interests of our country’s economic and industrial development and the well- being of our fellow citizens. M. Mohamed El Kettani Président Directeur Général Chairman and CEO’S Message ANNUAL REPORT ATTIJARIWAFA BANK 2014 Our Group’s history is inextricably intertwined with With the legacy of two century-old banks, that of the Kingdom of Morocco. Not only does that Attijariwafa bank has constantly sought to diversify make us proud, it constantly inspires us to scale even its business lines to provide its corporate customers greater heights. Attijariwafa bank’s history began when with the most sophisticated payment methods two French banks, Compagnie Algérienne de Crédit and financing products to satisfy their constantly et de Banque (CACB) and Banque Transatlantique, evolving requirements. Our Group is also committed to opened branches in Tangier in 1904 and 1911 meeting the needs of all our fellow citizens, whatever respectively. their socio-economic background. For this reason, In the aftermath of the independence, Banque Attijariwafa bank was the first bank to make the Transatlantique became Banque Commerciale financial inclusion of low-income households one du Maroc (BCM) and, in 1987, emerged as the of its strategic priorities. Attijariwafa bank is proud of Kingdom’s leading private sector bank.
  • Participant List

    Participant List

    Participant List 10/20/2019 8:45:44 AM Category First Name Last Name Position Organization Nationality CSO Jillian Abballe UN Advocacy Officer and Anglican Communion United States Head of Office Ramil Abbasov Chariman of the Managing Spektr Socio-Economic Azerbaijan Board Researches and Development Public Union Babak Abbaszadeh President and Chief Toronto Centre for Global Canada Executive Officer Leadership in Financial Supervision Amr Abdallah Director, Gulf Programs Educaiton for Employment - United States EFE HAGAR ABDELRAHM African affairs & SDGs Unit Maat for Peace, Development Egypt AN Manager and Human Rights Abukar Abdi CEO Juba Foundation Kenya Nabil Abdo MENA Senior Policy Oxfam International Lebanon Advisor Mala Abdulaziz Executive director Swift Relief Foundation Nigeria Maryati Abdullah Director/National Publish What You Pay Indonesia Coordinator Indonesia Yussuf Abdullahi Regional Team Lead Pact Kenya Abdulahi Abdulraheem Executive Director Initiative for Sound Education Nigeria Relationship & Health Muttaqa Abdulra'uf Research Fellow International Trade Union Nigeria Confederation (ITUC) Kehinde Abdulsalam Interfaith Minister Strength in Diversity Nigeria Development Centre, Nigeria Kassim Abdulsalam Zonal Coordinator/Field Strength in Diversity Nigeria Executive Development Centre, Nigeria and Farmers Advocacy and Support Initiative in Nig Shahlo Abdunabizoda Director Jahon Tajikistan Shontaye Abegaz Executive Director International Insitute for Human United States Security Subhashini Abeysinghe Research Director Verite