VSEs and SMEs account

for

74 of

suppliers in 2022

5days average supplier

payment terms in 2022

REDUCED PAYMENT TERMS

The Attijariwafa bank group

pays particular attention to

supplier payment terms. In

2022, supplier payment terms

averaged 5 days from receipt

of invoice, down by more than 9

days since 2016.

ENCOURAGING LOCAL

PURCHASING AND THE

DEVELOPMENT OF THE

SOCIAL ECONOMY

By virtue of its nationwide

presence, the Group in Morocco

favors local purchasing

whenever possible, both to

reduce purchasing costs and to

boost the regional economy.

Thus, 88% of suppliers are

Moroccan, and regional

suppliers account for 85% of

the panel of active suppliers in

2022.

Furthermore, in line with the

Group’s strategy to promote

the f inancial inclusion of Very

Small, Small and Medium-

sized Enterprises (VSEs

and SMEs), the responsible

and sustainable purchasing

approach also involves

encouraging purchasing from

this business category. In

2022, they accounted for 74%

of Attijariwafa bank’s supplier

panel, with VSEs accounting for

33%.

PREVENTING DEPENDENCY

To prevent supplier dependency,

Attijariwafa bank ensures

that the cumulative amount

of services provided by each

supplier does not exceed 35%

of their total annual sales.

Accordingly, suppliers are

required to provide information

such as their balance sheets

when listing their business.

The Group’s buyers have been

carefully instructed to identify

the right balance between

supplier and purchasing volume

in their purchasing strategy for

each group, to ensure that this

limit is not exceeded.

In the event of proven supplier

dependency, support is provided

by the Group to f ind alternative

solutions and expand the

supplier’s market. In 2022,

14 suppliers were identif ied

as being in a situation of

dependency.

Responsible

purchasing