Attijariwafa bank (ATW) Q1 2025 earnings summary

Executive summary

• Net banking income rose 5.9% year-over-year to MAD 9.0 billion, driven by strong savings and financing activity, and robust market operations amid lower Moroccan interest rates.

• Consolidated net income increased 14.7% to MAD 3.3 billion, with net income group share up 14.1% to MAD 2.8 billion compared to Q1 2024.

• Deposits and loans grew by 8.6% and 8.2% year-over-year, respectively, reflecting broad-based business momentum.

Financial highlights

• Market activities income surged 19.4% year-over-year to MAD 1.6 billion.

• Cost-income ratio improved to 34.2% from 35.3% a year earlier, reflecting effective cost control.

• Cost of risk declined to 0.82% from 0.98% year-over-year.

• Consolidated shareholders' equity rose 10.5% to MAD 76.2 billion.

Outlook and guidance

• Sustained growth in savings, financing, and market activities expected to continue, supported by favorable interest rate trends.