Morocco Banking: Attijariwafa Bank Profits Surge Q1 2026
The first quarter of 2026 is smiling on Morocco’s banking giant. Attijariwafa Bank posts net profit on the rise, approaching 3 billion dirhams. A performance driven by strong credit dynamics and a decline in doubtful receivables.
The financial group is starting the year at full steam. Its equity surged nearly 10% to reach 83.7 billion dirhams by the end of March, while deposits climbed 10.8%. This commercial vitality, particularly visible in Morocco and sub-Saharan Africa, made it possible to generate a net banking income of 9.3 billion dirhams (+2.9%). The institution continues its expansion in its preferred markets, navigating successfully in a global economic climate it still considers "marked by geopolitical uncertainty".
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The recipe for this quarterly performance rests largely on a sharp reduction in risk costs, falling from 0.82% to 0.51%. Provisions related to non-performing loans indeed dropped by a third to 609 million dirhams, reflecting much better asset quality.
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As a direct consequence, the group’s net profit increases by 3.6% to reach 2.9 billion dirhams. While operating expenses rise slightly due to new investment programs, consolidated net profit peaks at 3.5 billion dirhams (+5.5%), confirming the model’s profitability.
