Net profit at Attijariwafa Bank, Morocco’s
largest lender, has increased by 15.2% year-on-year to MAD2.2bn
($227.5m), for the six months to 30 June.

Net interest income increased by 14% to
MAD4.85bn; fees and commission rose by 10.3% to

Attijariwafa ended the first half with a
distribution network of 2,205 branches and agency offices (up 18%
from a year ago) serving 4.8m customers; 1,655 outlets are based in
Morocco and 550 outside its domestic market.

Deposits increased by 21.3% to MAD282.6bn
in the first half while lending rose by 22.7% to MAD238.8bn; total
assets rose by 9.1% year-on-year to MAD324.9bn.

During the first half Attijariwafa
released a four year strategy document, Attijariwafa