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Financial Highlights June 2018

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Financial Highlights June 2018 Attijariwafa bank 2018 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).. Network, customers & staff Financial highlights at 30 June 2018 Consolidated/IFRS at 30 June 2018 (+5.0%)* 4,393 Branches Total assets 490.5 Billon MAD Branches in Morocco * 3,437 Net banking income (+7.5%) 11.3 Billon MAD Branches in North Africa 291 (+5.6%)* Branches in Europe and the Net income 3.4 Billon MAD 69 Middle East and America Net income group share (+6.3%)* 499 Branches in West Africa 2.8 Billon MAD Branches in Central Africa ROE (1) 16.4 % NPL ratio 6.9 % 97 ROA (2) 1.4 % Coverage ratio (4) 101.6 % 20,030 employees Total Capital ratio (3) 12.4 % Cost-to-Income ratio 46.4 % Core Tier 1 9.7 % Cost of risk 0.65 % million customers 9.4 (1) Net income / shareholders’ equity excluding net ncome * Based on June 2017 (2) Net income / total assets (3) Data as of December 2017 (4) Provisions related to credit risk (bucket1, bucket 2 and bucket3) / Impaired outstandings Shareholding Structure Board of Directors at 30 June 2018 at 30 June 2018 47.9 % M. Mohamed EL KETTANI Chairman of the Board M. Mohammed Mounir EL MAJIDI Director, Representing SIGER 1.0 % M. Hassan OURIAGLI Director, Representing AL MADA 5.3 % M. Abdelmjid TAZLAOUI Director 29.1 % 16.7 % M. Aymane TAUD Director M. Abed YACOUBI SOUSSANE Director M. José REIG Director M. Aldo OLCESE SANTONJA Director - independant AL MADA Group Local Institutions Free-float and others M. Manuel VARELA Director, Representing Santander Santusa holding s.l. Attijariwafa bank staff (Santander) Mme Wafaa GUESSOUS Secretary Committees issued from Board of Directors Membres Strategic Group Risk Group Audit Appointment and High procurement permanents Committee Committee Committee Remuneration Committee* committee Mr. Mohamed EL KETTANI • • - • • Mr. Hassan OURIAGLI • • - • Mr. Abdelmjid TAZLAOUI • - • • • Mr. Aymane TAUD • • • Mr. José REIG • • • • • Mr. Mohammed Mounir EL MAJIDI - - - • Mr. Abed YACOUBI - SOUSSANE - - • - (*) 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 30 June 2018 Income by activity at 30 June 2018 Net Interest Income Banking in Morocco, Europe and Offshore zone (BMET) 60.6 % Net Fee Income International Retail Banking (IRB) Income from Market Activities Specialized Financial Companies (SFC) Net Income from Other Activities Insurance 48.3 % -1.8 % 6.5 % 18.9 % 34.3 % 10.9% 22.3 % Breakdown of Moroccan Breakdown of International NBI Companies’ NBI at 30 June 2018 by Geography at 30 June 2018 NBI of Moroccan subsidiaries: MAD 2.010,0 million NBI SFC: MAD 1,258.7 million NBI IRB: MAD 3,945.5 million NBI Insurance: MAD 751.3 million Attijari Factoring Mauritania To g o 1.9 % 1.3 % Wafa LLD Mali 2.2 % Tunisia 5.0 % 4.5% 20.3 % Wafa Immobilier Congo 4.5 % 8.8 % Wafa Assurance 37.4 % Gabon Wafabail 9.9 % 8.8 % Senegal Cameroun 17.2 % Wafacash 11.0 % 11.3 % Wafasalaf Egypt Ivory-Coast 13.9 % 26.8 % 15.1% Attijariwafa bank’s share price performance Stock Market Indicators Attijariwafa bank vs MASI from 12/31/2011 au 09/19/2018 Attijariwafa bank 2016 2017 June 2018 Largest bank by market capitalization in Morocco: Price 413 484 470 MAD 95.7 billion at 30 June 2018 P/B 2.06x 2.27x 17.10x MASI ATTIJARIWAFA BANK PER 17.67x 18.27x 2.42x 135 Base 100 Dec. 11 2017 2016 AWB : +17.2% DY 2.91% 2.58% - 2015 AWB :+22.2% MASI : +6.4% MASI : +30.5% 2014 AWB : -1.8% MASI : -7.2% Number of Shares 203,527,226 203,527,226 203,527,226 110 2013 AWB : +12.8% MASI : +5.6% 2012 AWB : -2.6% MASI : -2.6% AWB : -10.6% Market capitalization MASI : -15.1% 84,057 98,507 95,658 (in million MAD) 85 2018 AWB : -7.4% MASI : -10.4% 60 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 09/19/18 An internationally - oriented Banking and Financial Group ... Europe Attijariwafa bank Europe Branches : 63 Market share : NA Attijari bank Tunisie Attijari bank Mauritanie Attijariwafa bank Egypt North Africa Branches : 207 Branches : 28 Branches : 56 Market share : 9.2 % Market share : 11.5 % Market share : 1.0 % EMCCA Société Commerciale Crédit du Congo Union Gabonaise de Banque Cameroun de Banque Branches : 55 Branches : 20 Branches : 22 Market share : 10.1 % Market share : 11.2 % Market share : 19.9 % WAEMU Compagnie Bancaire Crédit du Sénégal Banque Internationale Société Ivoirienne Banque Internationale de l’Afrique de l’Ouest pour le Mali de Banque pour l’Afrique au Togo Branches1 : 92 Branches : 8 Branches : 80 Branches : 62 Branches : 12 Market share : 14.7 % Market share : 2.2 % Market share : 8.6 % Market share : 9.9 % Market share : 4.2 % Loan market share as of June 2018 except SIB (Dec.-17) CBAO and CDS (March 18). 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 Wafasalaf Wafa Immobilier Wafabail Attijari Factoring Maroc Bank Assafa Branches : 347 Branches : 44 Branches : 57 Branches : NA Branches : NA Branches : 30 Market share : 20.7% Market share : 32.7 % Market share : 25.1 % Market share : 26.3 % Market share : 68.0 % Market share : NA Wafacash Wafa LLD Attijari Intermédiation Wafa Gestion Attijari Finances Corp. Wafa Courtage Branches1 : 1 792 Branches : NA Branches : NA Branches : NA Branches : NA Branches : NA Market share : NA Market share : 18% Market share : 28.3 % Market share : 25.6 % Market share : NA Market share : NA 1- Excluding 184 branches in West Africa Note : Loan market share as of June 2018 except Wafa Assurance (Dec-17) NA : Not applicable Financial Indicators +5% +4% +10 % +5% +7% -4% +11% +5% 291.6 490.5 286.0 321.3 50.8 316.2 475.7 281.9 47.6 271.6 306.8 47.4 467.1 286.3 45.6 428.8 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 Customer Loans Customer Deposits Shareholders’ Equity Total Assets in billion MAD in billion MAD in billion MAD in billion MAD +10% +8% +11% +6% +16% +6% +13 % +6% 21.6 26,5 19.7 11.7 6.6 23,4 10.5 5.7 13,7 11.3 12,9 10.5 5.7 6.0 3.3 3.4 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 Net Banking Income Gross Operating Income Net Income Earning per share (1) in billion MAD in billion MAD in billion MAD in MAD +4% +2% +0.02pt -0.04pt -0.1 pt -0.2 pt +2.7 pts +28.3 pts 21.6 7.1 21.0 21.1 7.0 7.0 6.9 101.6 0.70 0.72 75.1 73.3 20.1 72.4 0.61 0.65 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 12/31/16 12/31/17 06/30/17 06/30/18 Non Performing Loans Cost of Risk NPL Ratio Coverage Ratio in billion MAD in % in % in % (1) Net Income Group Share / Number of Shares Rating Fitch Rating July 2018 Standard & Poor’s December 2017 Moody’s June 2018 Long-term in foreign currency BB+ Long-term BB Long-term Ba2 Short-term in foreign currency B Short-term B Short-term NP Long-term in local currency AA-(mar) Outlook stable Outlook Positive Outlook 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 and Investor Relations: Ibtissam ABOUHARIA E-mail : [email protected] http://ir.attijariwafabank.com.
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