<p>Attijariwafa bank </p><p>2019 </p><p>Group’s Profile </p><p>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).. </p><p>Financial highlights </p><p>Consolidated/IFRS at 31 December 2019 </p><p>Network, customers &amp; staff </p><p>at 31 December 2019 </p><p>532.6 <sup style="top: -0.7798em;"><strong>(4.4%) </strong></sup><br>23.5 <sup style="top: -0.7404em;"><strong>(4.9%) </strong></sup><br>7.0 <sup style="top: -0.7111em;"><strong>(3.2%) </strong></sup></p><p>Billion MAD </p><p><strong>Total assets </strong></p><p>Branches </p><p>5,265 3,508 <br>302 </p><p>Branches in Morocco Branches in North Africa Branches in West Africa Branches in Central Africa </p><p><strong>Net banking income Net income </strong></p><p>Billion MAD Billion MAD </p><p>688 </p><p>5.8 <sup style="top: -0.6617em;"><strong>(1.9%) </strong></sup></p><p>Billion MAD </p><p><strong>Net income group share </strong></p><p>ROE<sup style="top: -0.222em;">(1) </sup></p><p>697 </p><p>14.8% <br>1.3% </p><ul style="display: flex;"><li style="flex:1">NPL ratio </li><li style="flex:1">6.6% </li></ul><p>95.1% 47.8% 0.46% </p><p>Branches in Europe and the Middle East and America </p><p>70 </p><p>ROA<sup style="top: -0.222em;">(2) </sup></p><p>Coverage ratio Cost-to-Income ratio Cost of risk <br>Total Capital ratio<sup style="top: -0.222em;">(3) </sup>Core Tier 1<sup style="top: -0.222em;">(3) </sup><br>13.0% 10.2% </p><p>employees </p><p>20,602 <br>10.2 </p><p>million customers </p><p>(1) Net income /shareholders’ equity excluding net ncome (2) Net income /total assets (3) Forecast data as of December 2019 </p><p></p><ul style="display: flex;"><li style="flex:1">Shareholding Structure </li><li style="flex:1">Board of Directors </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">at 31 December 2019 </li><li style="flex:1">at 31 December 2019 </li></ul><p></p><p>46.4% </p><p>Mr. Mohamed EL KETTANI Chairman of the Board Mr. Mohammed Mounir EL MAJIDI Director, Representing SIGER </p><p>Mr. Hassan OURIAGLI Director, Representing AL MADA </p><p>Mr. Abdelmjid TAZLAOUI Director </p><p>2.9% <br>5.1% <br>27.4% <br>18.1% </p><p>Mr. Aymane TAUD Director Mr. Abed YACOUBI SOUSSANE Director Mr. José REIG Director </p><p>Mr. Manuel VARELA Director, Representing Santander </p><p>Mr. Aldo OLCESE SANTONJA Independant Director </p><p>Mr. Lionel ZINSO Independant Director </p><p></p><ul style="display: flex;"><li style="flex:1">AL MADA Group </li><li style="flex:1">Local Institutions </li><li style="flex:1">Free-float and others </li></ul><p>Santusa holding s.l. (Santander) <br>Attijariwafa bank staff </p><p>Mrs Wafaa GUESSOUS Secretary of the board </p><p>Committees issued from Board of Directors </p><p><strong>Strategic Committee </strong><br><strong>Group Risk </strong><br><strong>Committee Group </strong></p><ul style="display: flex;"><li style="flex:1"><strong>Group Audit </strong></li><li style="flex:1"><strong>Appointment and </strong></li><li style="flex:1"><strong>High procurement </strong></li><li style="flex:1"><strong>Permanent </strong></li></ul><p><strong>members </strong><br><strong>Committee Group&nbsp;Remuneration Committee Group</strong>* <strong>Committee Group </strong></p><p>Mr. Mohamed EL KETTANI Mr. Hassan OURIAGLI Mr. Abdelmjid TAZLAOUI Mr. José REIG </p><p><strong>••••</strong></p><p>--</p><p><strong>•</strong><br><strong>••</strong></p><p>-</p><p><strong>•</strong></p><p>--</p><p><strong>•</strong></p><p>--</p><p><strong>••</strong></p><p>-</p><p><strong>•</strong></p><p>-</p><p><strong>•••••</strong></p><p>--</p><p><strong>•</strong></p><p>-</p><p><strong>••</strong></p><p>--</p><p><strong>•</strong></p><p>Mr. Mohammed Mounir EL MAJIDI Mr. Abed YACOUBI-SOUSSANE Mr. Aymane TAUD </p><p>(*) 3 sub-committees issued from «Appointment and Remuneration Commiittee» with different compositions depending on the prerogatives of each sub-committee. </p><p></p><ul style="display: flex;"><li style="flex:1">Breakdown of Consolidated </li><li style="flex:1">Contribution to consolidated Net Banking </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">Net Banking Income at 31 December 2019 </li><li style="flex:1">Income by activity at 31 December 2019 </li></ul><p></p><p>Net Interest Income Net Fee Income <br>Banking in Morocco, Europe and Offshore zone (BMET) International Retail Banking (IRB) </p><p>63.6% </p><p>Income from Market Activities Net Income from Other Activities <br>Specialized Financial Companies (SFC) Insurance </p><p>51.4% <br>-1.4% <br>15.8% <br>4.8% <br>33.2% <br>10.5% </p><p>21.9% </p><p></p><ul style="display: flex;"><li style="flex:1">Breakdown of Moroccan </li><li style="flex:1">Breakdown of International NBI </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">Companies’ NBI at 31 December 2019 </li><li style="flex:1">by Geography at 31 December 2019 </li></ul><p></p><p>NBI of Moroccan subsidiaries: MAD 3,661.9 million </p><p>NBI SFC: MAD 2,514.5 million <br>NBI IRB: MAD 7,923.7 million </p><p>NBI Insurance: MAD 1,147.4 million </p><p></p><ul style="display: flex;"><li style="flex:1">Mauritania </li><li style="flex:1">Attijari </li></ul><p></p><ul style="display: flex;"><li style="flex:1">2.2% </li><li style="flex:1">Factoring </li></ul><p>Togo <br>Wafa LLD </p><p>2.5% <br>Congo <br>1.3% <br>3.6% </p><p>Wafa Immobilier <br>9.8% <br>4.0% <br>Mali </p><p>4.5% <br>Tunisia 20.4% </p><p>Cameroon <br>9.3% <br>Wafabail </p><p>9.9% <br>Wafa Assurance <br>31.3% <br>Gabon <br>9.4% <br>Senegal 18.8% <br>Wafacash <br>13.0 % </p><p>Egypt </p><ul style="display: flex;"><li style="flex:1">15.0% </li><li style="flex:1">Wafasalaf </li></ul><p>29.8% <br>Ivory-Coast <br>15.1% </p><p>Attijariwafa bank’s share price </p><ul style="display: flex;"><li style="flex:1">performance </li><li style="flex:1">Stock Market Indicators </li></ul><p></p><p>from 12/31/2011 au 02/21/2020 </p><p>Attijariwafa bank vs MASI </p><p></p><ul style="display: flex;"><li style="flex:1">2017 </li><li style="flex:1">2018 </li><li style="flex:1">2019 </li></ul><p></p><p>Attijariwafa bank </p><p></p><ul style="display: flex;"><li style="flex:1">Price </li><li style="flex:1">484 </li></ul><p>2.27x <br>453 <br>2.14x <br>499 <br>2.20x </p><p>Largest bank by market capitalization in Morocco: MAD 104,7 billion at 31 December 2019 </p><p>P/B </p><p>180 </p><p><strong>Base 100 Dec 2019 </strong></p><p></p><ul style="display: flex;"><li style="flex:1">MASI </li><li style="flex:1">ATTIJARIWAFA BANK </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">PER </li><li style="flex:1">18.27x </li></ul><p>2.58% <br>16.66x <br>2.87% <br>18.01x <br>2.71% </p><p><strong>2016 </strong></p><p>DY </p><p>155 130 105 80 </p><p><strong>2015 </strong></p><p><strong>AWB :+22.2% MASI :+30.5% </strong></p><p><strong>2014 </strong></p><p><strong>AWB : -1.8% MASI : -7.2% </strong></p><p></p><ul style="display: flex;"><li style="flex:1">Number of Shares </li><li style="flex:1">203,527,226 209,859,679 209,859,679 </li></ul><p>98,507 95,066&nbsp;104,720 </p><p><strong>AWB : +12.8% MASI : +5.6% </strong></p><p><strong>2013 </strong></p><p><strong>AWB : -2.6% MASI : -2.6% </strong></p><p>Market capitalization (in MAD million) </p><p><strong>2018 </strong></p><ul style="display: flex;"><li style="flex:1"><strong>2017 </strong></li><li style="flex:1"><strong>2019 </strong></li></ul><p></p><p><strong>AWB : -6.4% MASI : -8.3% </strong><br><strong>AWB : +17.2% </strong></p><p><strong>MASI : +6.4% </strong><br><strong>AWB : +10.2% MASI : +7.1% </strong></p><p></p><ul style="display: flex;"><li style="flex:1">12/31/12 </li><li style="flex:1">12/31/13 </li><li style="flex:1">12/31/14 </li><li style="flex:1">12/31/15 </li><li style="flex:1">12/31/16 </li><li style="flex:1">12/31/17 </li><li style="flex:1">12/31/18 </li><li style="flex:1">12/31/19 </li></ul><p></p><p>An internationally-oriented Banking and Financial Group... </p><p><strong>Attijariwafa bank </strong><br><strong>Europe </strong></p><p>Branches : 66 Market share : NA </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>Attijari bank Tunisie </strong></li><li style="flex:1"><strong>Attijari bank Mauritanie&nbsp;Attijariwafa bank Egypt </strong></li></ul><p></p><p>Branches : 208 Market share : 8.7% <br>Branches : 30 <br>Market share : 10.3% <br>Branches : 64 <br>Market share : 1.0% </p><p><strong>Societe Commerciale ́e Banque Cameroun </strong></p><p>Branches : 55 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>Créit ́u Congo </strong></li><li style="flex:1"><strong>Union Gabonaise </strong></li></ul><p><strong>́e Banque </strong></p><p></p><ul style="display: flex;"><li style="flex:1">Branches : 22 </li><li style="flex:1">Branches : 20 </li></ul><p></p><ul style="display: flex;"><li style="flex:1">Market share : 11.0% </li><li style="flex:1">Market share : 11.0% </li><li style="flex:1">Market share : 16.8% </li></ul><p></p><p><strong>Compagnie Bancaire ́e l’Afrique ́e l’Ouest </strong></p><p>Branches<sup style="top: -0.2109em;">1 </sup>: 94 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>Créit ́u Senegal </strong></li><li style="flex:1"><strong>Banque Internationale </strong></li></ul><p><strong>pour le Mali </strong></p><p>Branches : 73 <br>Market share : 8.1% </p><p><strong>Societe Ivoirienne </strong><br><strong>́e Banque </strong></p><p>Branches : 64 </p><p><strong>Banque Internationale pour l’Afrique au Togo </strong></p><p></p><ul style="display: flex;"><li style="flex:1">Branches : 11 </li><li style="flex:1">Branches : 8 </li></ul><p></p><ul style="display: flex;"><li style="flex:1">Market share : 2.7% </li><li style="flex:1">Market share : 13.8% </li><li style="flex:1">Market share : 10.2% </li><li style="flex:1">Market share : 5.5% </li></ul><p></p><p>Loan market share as of December 2019. 1- including Burkina Faso, Niger and Benin. <br>Representative offices (Riyadh, Dubaï, Abu Dhabi, London, Geneva and Montréal). </p><p>...Supported by best-in-class factories </p><p><strong>Wafa Assurance </strong></p><p>Branches : 381 <br>Market share : 18.8% </p><p><strong>Wafasalaf </strong></p><p>Branches : 44 <br>Market share: 31.7% </p><p><strong>Wafa Immobilier </strong></p><p>Branches : 60 <br>Market share : 24.8% </p><p><strong>Wafabail </strong></p><p>Branches : NA <br>Market share: 25.9% </p><p><strong>Attijari Factoring Maroc </strong></p><p>Branches : NA <br>Market share : 43.0% </p><p><strong>Bank Assafa </strong></p><p>Branches : 37 <br>Market share : 42.0% </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>Wafacash </strong></li><li style="flex:1"><strong>Wafa LLD </strong></li></ul><p></p><p>Branches : NA <br>Market share : 18.0% </p><p><strong>Attijari Interméiation </strong></p><p>Branches : NA <br>Market share: 28.5% </p><p><strong>Wafa Gestion </strong></p><p>Branches: NA <br>Market share: 24.7% </p><p><strong>Attijari Finances Corp. </strong></p><p>Branches : NA Market share : NA </p><p><strong>Wafa Courtage </strong></p><p>Branches : NA Market share : NA <br>Branches<sup style="top: -0.2109em;">1 </sup>: 1850 Market share : NA </p><p>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 </p><p>Financial Indicators </p><p><strong>+9% </strong></p><p>305.1 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>+6% </strong></li><li style="flex:1"><strong>+5% </strong></li></ul><p></p><p>332.0 </p><p><strong>+1% </strong></p><p><strong>+10% </strong></p><p>50.5 </p><p><strong>+7% </strong></p><p><strong>+8% </strong></p><p>509.9 </p><p><strong>+4% </strong></p><p>335.6 </p><ul style="display: flex;"><li style="flex:1">323.8 </li><li style="flex:1">53.9 </li></ul><p>532.6 </p><p></p><ul style="display: flex;"><li style="flex:1">279.7 </li><li style="flex:1">46.1 </li></ul><p>316.2 <br>471.5 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>01/01/18 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>01/01/18 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>01/01/18 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>01/01/18 12/31/18 12/31/19 </strong></li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">Shareholders’Equity </li><li style="flex:1">Total Assets </li></ul><p></p><p>in Billion MAD </p><p></p><ul style="display: flex;"><li style="flex:1">Customer Loans </li><li style="flex:1">Customer Deposits </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">in Billion MAD </li><li style="flex:1">in Billion MAD </li><li style="flex:1">in Billion MAD </li></ul><p></p><p><strong>+3% </strong></p><p>22.4 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>-</strong></li><li style="flex:1"><strong>+5% </strong></li></ul><p></p><p>12.2 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>+2% </strong></li><li style="flex:1"><strong>+3% </strong></li><li style="flex:1"><strong>+3% </strong></li><li style="flex:1"><strong>+2% </strong></li></ul><p></p><p>27.7 </p><p><strong>+5% </strong></p><p>23.5 <br>7.0 <br>6.7 <br>21.6 </p><ul style="display: flex;"><li style="flex:1">11.7 11.7 </li><li style="flex:1">27.2 </li></ul><p></p><ul style="display: flex;"><li style="flex:1">6.6 </li><li style="flex:1">26.5 </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li></ul><p></p><p>Net Income </p><p>in Billion MAD </p><p></p><ul style="display: flex;"><li style="flex:1">Earning per share<sup style="top: -0.2498em;">(1) </sup></li><li style="flex:1">Net Banking Income </li><li style="flex:1">Gross Operating Income </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">in MAD </li><li style="flex:1">in Billion MAD </li><li style="flex:1">in Billion MAD </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1"><strong>-0.19pt </strong></li><li style="flex:1"><strong>-0.07pt </strong></li><li style="flex:1"><strong>-0.2pt </strong></li><li style="flex:1"><strong>-0.2pt </strong></li><li style="flex:1"><strong>+20 pts&nbsp;+0.1 pt </strong></li></ul><p></p><ul style="display: flex;"><li style="flex:1"><strong>+6% </strong></li><li style="flex:1"><strong>+3% </strong></li></ul><p></p><p>23.0 <br>95.1 <br>95.0 </p><p>0.72 <br>7.0 </p><p>6.8 <br>75.1 </p><ul style="display: flex;"><li style="flex:1">22.3 </li><li style="flex:1">6.6 </li></ul><p>0.53 <br>21.0 </p><p>0.46 </p><p></p><ul style="display: flex;"><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li><li style="flex:1"><strong>12/31/17 12/31/18 12/31/19 </strong></li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">NPL Ratio </li><li style="flex:1">Non Performing Loans </li><li style="flex:1">Cost of Risk </li><li style="flex:1">Coverage Ratio </li></ul><p></p><p></p><ul style="display: flex;"><li style="flex:1">in % </li><li style="flex:1">in Billion MAD </li><li style="flex:1">in % </li><li style="flex:1">in % </li></ul><p></p><p>(1) Net Income Group Share / Number of Shares </p><p>Rating </p><p></p><ul style="display: flex;"><li style="flex:1">February 2020 </li><li style="flex:1">November 2019 </li></ul><p></p><p>Fitch Rating </p><p>December 2019&nbsp;Moody’s </p><p>Standard &amp; Poor’s </p><p>Long-term in foreign currency Short-term in foreign currency Long-term in local currency Outlook <br>BB+ <br>B<br>Long-term Short-term Outlook <br>Ba2 NP <br>Long-term Short-term Outlook <br>BB B<br>AA-(mar) stable <br>Stable stable </p><p>Headquarter </p><p>2, boulevard Moulay Youssef, 20000 Casablanca, Maroc Phone: +212&nbsp;(0) 5 22 29 88 88 </p><ul style="display: flex;"><li style="flex:1">Fax: </li><li style="flex:1">+212 (0) 5 22 29 41 25 </li></ul><p><a href="/goto?url=http://www.attijariwafabank.com" target="_blank">www.attijariwafabank.com </a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">http://i</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">r</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">.</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">attijariwafabank.com </a></p><p><strong>Financial Information ań Investor Relations</strong>: Ibtissam ABOUHARIA </p><p><strong>E-mail </strong>: [email protected] <a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">http://i</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">r</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">.</a><a href="/goto?url=http://ir.attijariwafabank.com" target="_blank">attijariwafabank.com </a></p>