LThe consolidated net income amounted to 7.5 billion dirhams (MMDH), once morest 6.2 billion dirhams in 2021, i.e. a growth of 21.1%, the bank said in a financial press release, published following the meeting of its Board of Directors held last Monday.
Regarding operating income, it increased by 20.2% to 11.4 billion dirhams, according to the same source, thanks to improved cost control and the gradual normalization of the cost of risk.
At the end of 2022, the consolidated net banking income (NBI) stood at 26.3 billion dirhams, an improvement of 7.9% compared to 2021, despite the rise in money and bond rates in Morocco, the press release underlines.
This growth was induced by a favorable commercial dynamic in terms of collecting savings and financing the economy. Thus, customer loans and deposits respectively reached 374.6 billion dirhams, +8.5%, and 411.4 billion dirhams or +8%, adds the same source.
By business segment, the rise in consolidated NBI is linked to the growth in the contribution of the various business lines, more particularly international retail banking +18.4%, and insurance +53.4%.
For the year 2022, the press release shows that Attijariwafa bank has a solid balance sheet, significantly improved solvency and liquidity ratios and profitability at the highest standards.
The RoAA ratio (net income/average total balance sheet) stood at 1.22% in 2022, compared to 1.06% in 2021 and the RoTE (NIGS/average tangible equity group share) amounted to 16.6% in 2022, compared to 15.4% in 2021.
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