Attijariwafa bank (ATW) H1 2025 earnings summary

Executive summary

• Achieved strong financial performance in H1 2025, with net income up 19.6% year-over-year to MAD 6.9 billion and net banking income rising 4% to MAD 17.7 billion, driven by robust commercial activity in deposits and loans.

• Cost of risk declined sharply by 36.8% to MAD 1.4 billion, supporting improved profitability and capital ratios.

• Continued leadership in digital banking, with over 95% of operations processed digitally and significant growth in digital platform usage.

Financial highlights

• Total consolidated assets reached MAD 737.4 billion (+6.5% YoY), and consolidated shareholders' equity rose to MAD 74.8 billion (+11.9% YoY).

• Gross operating income increased 4.2% to MAD 11.4 billion; cost-income ratio improved to 35.3% (down 20 bps YoY).

• Net income group share was MAD 5.9 billion (+19.8% YoY); standalone net income grew 25.2% to MAD 5.2 billion.

• Loans to customers at amortised cost stood at MAD 417.4 billion; customer deposits at MAD 486.8 billion.

Outlook and guidance

• Expects continued growth, leveraging Morocco's accelerating economic environment and ongoing strategic programs.

• Focus remains on digital transformation, financial inclusion, and sustainable development initiatives.