Attijariwafa bank (ATW) Q1 2026 earnings summary

Executive summary

• Net banking income reached 9.3 billion dirhams, up 2.9% year-over-year, driven by strong savings collection and economic financing across all markets.

• Consolidated net income rose 5.5% to 3.5 billion dirhams; group share net income increased 3.6% to 2.9 billion dirhams compared to Q1 2025.

• Deposits and loans grew 10.8% and 5.7% respectively year-over-year, reinforcing leadership in savings and financing.

Financial highlights

• Cost of risk dropped 33.3% to 609 million dirhams, representing 0.51% of gross customer loans, down from 0.82% a year earlier.

• Consolidated equity increased 9.9% to 83.7 billion dirhams at March 2026.

• Net banking income in Morocco rose 2.1% to 5.7 billion dirhams; customer loans and deposits in Morocco up 5.2% and 9.0% respectively.

• Standalone net income for the period was 3.03 billion dirhams.

Outlook and guidance

• Despite international geopolitical uncertainties, business momentum remains positive, supported by robust deposit and lending growth.