Attijariwafa bank is an international financial services group headquartered in Casablanca, Morocco. Since its formation in 2004 by merger between Banque Commerciale du Maroc (in Arabic, bank at-tijari) and Wafabank, it has been the leading bank in Morocco and kept that rank as of 2024.[3] It was also the fifth largest bank in Africa in 2021.[4]
Attijariwafa Bank is controlled by the Al Mada holding company, which is affiliated with the Moroccan royal family.
The bank maintains offices in Europe and Asia, and has several subsidiary banks in Africa.[5] It is listed on the Casablanca Stock Exchange.[6]
History
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As of 2013, Mohamed El Kettani was chair of the board and managing director, and Abdelaziz Alami was honorary chair.[7]
In 2022, Attijariwafa Bank along with Maroc Telecom were among the 20 leading companies in Africa.[8]
On 8 November 2022, Attijariwafa Bank Partnered with Union Bank of Nigeria to Expand its Operations in Africa.[9][10]
On 10 August 2023, Attijariwafa Bank has launched a new payment solution that is powered by Apple Pay.[11]
Ownership
editAs of late 2013, the ownership structure of Attijariwafa Bank was as follows:[12]
- 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%
See also
editReferences
edit- ^ "Official launch of Africa Development Club Egypt by Attijariwafa bank | Attijariwafa bank".
- ^ a b c "Attijariwafa bank" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 1 July 2013.
- ^ Adil Faouzi (14 April 2024). "Morocco's Banking Sector Shines in Forbes' 2024 List of MENA's 30 Most Valuable Banks". Morocco World News.
- ^ "Africa's Top 100 Banks in 2022". African Business. 27 September 2022. Retrieved 29 June 2023.
- ^ "Attijariwafa Bank of Morocco Opens First Branch in Mauritania". Bloomberg.
- ^ "Casablanca Stock Exchange ::. LISTED SECURITIES > Information and data > Listed company > ATTIJARIWAFA BANK". www.casablanca-bourse.com. Retrieved 24 August 2017.
- ^ "Attijariwafa Bank SA (ATW22.CS) Quote". Reuters.com. Reuters. Archived from the original on 24 December 2013. Retrieved 22 December 2013.
- ^ "Maroc Telecom and Attijariwafa Bank among the 20 leading companies in Africa in 2022". HESPRESS English - Morocco News. 18 October 2022. Retrieved 10 August 2023.
- ^ Rahhou, Jihane. "Attijariwafa Bank Partners with Union Bank to Expand Operations in Africa". moroccoworldnews. Retrieved 8 November 2022.
- ^ "Union Bank, Attijariwafa Bank sign partnership agreement to expand pan African footprint". Tribune Online. 7 November 2022. Retrieved 8 November 2022.
- ^ "Attijariwafa Bank launches Apple Pay". HESPRESS English - Morocco News. 10 August 2023. Retrieved 10 August 2023.
- ^ "Bourse de Casablanca ::. Sociétés cotées > ATTIJARIWAFA BANK". Bourse de Casablanca. Retrieved 22 December 2013.
External links
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- Attijariwafa Bank Portal – French language
- company profile at Reuters Archived 24 December 2013 at the Wayback Machine