Attijariwafa Bank Explained

Attijariwafa bank
Traded As:	MASI : ATW
Industry:	Banking, financial services
Foundation:	1904: Creation of Wafabank 1911: Creation of BCM 2003: Creation of Attijariwafa Bank
Location:	20 000 Casablanca 2, Bd Moulay Youssef, Morocco
Area Served:	Worldwide
Key People:	Mohamed El Kettani (CEO)
Revenue:	US$ 4.1 billion (2018)^[1]
Net Income:	US$ 608 million (2018)
Assets:	US$ 53.3 billion (2018)
Equity:	US$ 4,7 billion (2016)
Num Employees:	25,754 (2020)
Subsid:	Attijari – Wafa Assurance – Wafasalaf – Wafa Immobilier – CBAO – Union Gabonaise de Banque – Crédit du Congo – BIM SA – Crédit du Sénégal – Société ivoirienne de banque – SCB Cameroun – BIA Togo – Attijari bank Mauritanie – Attijariwafa Bank Egypt – Cogebanque
Locations:	4930 branches (2018)^[2]

Attijariwafa bank is a Moroccan multinational commercial bank and financial services company founded and based in Casablanca, Morocco. It is the leading bank in Morocco and the fifth largest bank in Africa in 2021,^[3] and is part of Al Mada holding company.

It was established after a merger between Banque Commerciale du Maroc and Wafabank.

The bank maintains offices in Europe and Asia, and has several subsidiary banks in Africa.^[4] It has been listed on the Casablanca Stock Exchange since 1993.^[5]

History

In 2022, Attijariwafa Bank along with Maroc Telecom were among the 20 leading companies in Africa.^[6]

On 8 November 2022, Attijariwafa Bank Partnered with Union Bank of Nigeria to Expand its Operations in Africa.^{[7] [8]}

On 10 August 2023, Attijariwafa Bank has launched a new payment solution that is powered by Apple Pay.^[9]

Ownership

• Al Mada 47.77%
• Others 13.83%
• MCMA-MAMDA 8.09%
• Wafa Assurance 6.61%
• SANTUSA HOLDING (Santander Group) 5.27%
• Employees 4.54%
• RCAR (CDG) 4.26%
• CIMR 2.34%
• CDG 2.31%
• CAISSE MAROCAINE DE RETRAITE (CMR) 2.27%
• AXA ASSURANCES MAROC 1.37%
• RMA-WATANYA 1.32%
• WAFACORP 0.03%

Source:^[10]

Subsidiaries

• Wafa Assurance
• Wafa Cash
• Wafa Gestion
• Wafa Salaf
• Attijari Bank Tunisie
• Wafa Immobilier
• Wafabail

Key people

• Mohamed El Kettani, chair of the board and managing director
• Abdelaziz Alami, honorary chair
• Antonio Escamez Torres, vice-chairman of the board
• Mohamed Arroub, chair of the board and managing director of Wafa Assurance SA
• Mouawia Essekelli, managing director of Attijariwafa bank Europe
• Laila Mamou, chairp of the Management Board of Wafasalaf
• Abdelkrim Raghni, managing director of CBAO Groupe Attijariwafa bank
• Wafaa Guessous, secretary
• Hassan Bouhemou, director-representative of SNI
• Mounir Majidi, director-representative of SIGER
• Javier Hidalgo Blazquez, director-representative of Grupo Santander
• Hassan Ouriagli, director
• Jose Reig Echeveste, director
• Manuel Varela, director-representative of Grupo Santander
• Abed Yacoubi Soussane, director

Source:^[11]

External links

• Attijariwafa Bank Portal – French language
• company profile at Reuters

Notes and References

1. Web site: Attijariwafa bank . dead . 1 July 2013 . https://web.archive.org/web/20160303234119/http://www.attijariwafabank.com/NousConnaitre/Documents/AWB_chiffrescles_fev2012.pdf . 3 March 2016 .
2. Web site: Official launch of Africa Development Club Egypt by Attijariwafa bank | Attijariwafa bank.
3. Web site: 2022-09-27 . Africa's Top 100 Banks in 2022 . 2023-06-29 . African Business . en-GB.
4. News: Attijariwafa Bank of Morocco Opens First Branch in Mauritania. Bloomberg .
5. Web site: Casablanca Stock Exchange ::. LISTED SECURITIES > Information and data > Listed company > ATTIJARIWAFA BANK. www.casablanca-bourse.com. 2017-08-24.
6. Web site: 2022-10-18 . Maroc Telecom and Attijariwafa Bank among the 20 leading companies in Africa in 2022 . 2023-08-10 . HESPRESS English - Morocco News . en-US.
7. Web site: Rahhou . Jihane . Attijariwafa Bank Partners with Union Bank to Expand Operations in Africa . 2022-11-08 . moroccoworldnews . en.
8. Web site: 2022-11-07 . Union Bank, Attijariwafa Bank sign partnership agreement to expand pan African footprint . 2022-11-08 . Tribune Online . en-GB.
9. Web site: 2023-08-10 . Attijariwafa Bank launches Apple Pay . 2023-08-10 . HESPRESS English - Morocco News . en-US.
10. Web site: Bourse de Casablanca ::. Sociétés cotées > ATTIJARIWAFA BANK . Bourse de Casablanca. 22 December 2013.
11. News: Attijariwafa Bank SA (ATW22.CS) Quote. Reuters.com. Reuters. 22 December 2013. 24 December 2013. https://web.archive.org/web/20131224115428/http://www.reuters.com/finance/stocks/overview?symbol=ATW22.CS. dead.