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ANALYSIS OF CONSOLIDATED ACTIVITY

Total assets

At the end of 2022, Attijariwafa bank Group had total assets

of MAD 630.4 billion, a rise of 5.7% from the previous year.

By geographic area, 74.0% of total assets are in Morocco, with

the rest in other North African countries, WAEMU, EMCCA

and Europe.

Total assets comprise loans and advances to customers

(59.4%), financial assets at fair value through profit or loss

(9.7%) and available-for-sale financial assets (11.7%). These

three items account for 80.7% of total assets.

Uses of assets

2022 2021

13.7%

9.7%

11.7%

5.6%

59.4%

13.8%

11.9%

11.7%

4.8%

57.9%

Others

Loans and advances

to financial institutions

at amortised cost

Financial assets at fair value

through other

comprehensive income

Financial assets at fair value

through profit or loss

Loans and advances

to customers

at amortised cost

The increase in assets is attributable mainly to the :

• 8.5% increase in loans and advances to customers, to

MAD 374.6 billion;

• 23.2% increase in loans and advances to credit institutions

and similar establishments, at amortized cost, to MAD

35.2 billion;

58 increase in availableforsale financial assets to

MAD 736 billion

71

99

30

30

33

71

100

41

653

639

115

119

2022 2021

Others

Subordinated debts

Debt securities issued

Shareholders equity

Amounts owing to credit

institutions

Amounts owing

to Customers

The rise in liabilities is attributable to :

•

an 8.0% increase in customer deposits, to MAD 411.4 billion;

•

a 4.9% increase in payables to credit institutions and similar

establishments, to MAD 44.5 billion.

•

a 3.9% increase in shareholders’ equity, to MAD 62.1 billion.

Deposits

At the end of 2022, customer deposits of MAD 411.4 billion

accounted for 65.3% of total liabilities, compared with MAD 380.9

billion a year earlier, a rise of 8%. This change is attributable to :

•

a 5.0% rise in Morocco, Europe and offshore banking zone

deposits, to MAD 280.3 billion;

• a 14.9% increase in international retail banking deposits,

to MAD 124.8 billion;

• a 21.8% increase in specialized finance subsidiary deposits,

to MAD 6.3 billion.

Loans and advances

At the end of 2022, loans and advances to customers totaled

MAD 374.6 billion, up 8.5%. This growth is the result of rises

in consumer loans granted by the Bank in Tangier and the

offshore zone (+6.7%), international retail banking (+13.3%),

specialized finance subsidiaries (+8.6%) and insurance entities

(+15.8%).

The loan-to-deposit ratio came to 91.1%, compared with

90.6% in 2021.

Consolidated shareholders equity

Consolidated shareholders equity totaled MAD 621 billion a

rise of 39 from a year earlier

Group solvency

At December 31 2022 Attijariwafa bank Group had a tier 1

capital ratio of 1116 and a capital adequacy ratio of 1271

both above the regulatory minimum of 9 and 12 respectively

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