At a glance
Attijariwafa bank is Morocco’s largest bank. It serves individuals, companies and the state, and operates in many countries across North, West and Central Africa.
History
The group was formed by the 2003 merger of two Moroccan banks: Banque Commerciale du Maroc, one of the country’s oldest, and Wafabank, and took the name Attijariwafa bank in 2004. Its main shareholder is the investment fund Al Mada. Since the merger, the bank has expanded across Africa through a series of acquisitions.
Latest published results
In the first half of 2026, consolidated net banking income (a bank’s equivalent of revenue) reached MAD 18.4 billion, up 4%. Net income attributable to the group came to MAD 5.9 billion (+1.1%). The cost of risk, meaning provisions for bad loans, fell 11.2% to MAD 1.2 billion. In Morocco, customer deposits rose 12% to MAD 382 billion.
What to watch
Full-year 2026 results, expected in the first quarter of 2027, and the trend in the cost of risk at the African subsidiaries.
Key dates
- 1911
Banque Commerciale du Maroc (BCM) is founded.
- 1985
Compagnie Marocaine de Crédit et de Banque becomes Wafabank.
- 1993
Wafabank lists on the Casablanca Stock Exchange.
- 2003
BCM and Wafabank merge.
- 2004
Attijariwafa bank is born with its new identity.
- 2005
First international move: acquisition of Banque du Sud in Tunisia.
- 2006
Attijariwafa bank Europe opens in Paris.
- 2016
Acquisition of 100% of Barclays Bank Egypt.
- 2026
Net income attributable to the group of MAD 5.9 billion in the first half.
Sources: Le Matin, Attijariwafa bank réalise un gain stable de 5,9 MMDH au S1 2026, July 28, 2026; AMMC, Attijariwafa bank, rapport financier semestriel 2026, 2026; Attijariwafa bank, histoire d'un groupe centenaire.
Profile updated on October 29, 2026.