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Attijariwafa Bank Posts 5.9 Billion Dirhams Net Profit in H1 2026, Boosted by Digital Growth and Credit Expansion
Attijariwafa Bank posted a net profit attributable to the Group of 5.9 bn MAD for the first half of 2026, up 1.1% year‑on‑year. The results were driven by a 4% rise in consolidated net banking income, a stronger loan book, and the launch of "Simple", the first Moroccan neobank, which helped push digital transactions to 94.9% of total activity. Deposits in Morocco grew 12% to 382 bn MAD and total group savings reached 553.8 bn MAD, reflecting solid client confidence and a broader credit expansion across all segments.
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Financial Highlights – First Half 2026
- Net profit attributable to the Group: 5.9 bn MAD (+1.1% YoY)
- Consolidated net profit: 7.1 bn MAD (+2.3% YoY)
- Consolidated net banking income: 18.4 bn MAD (+4% YoY, +3.5% at constant FX)
- Operating profit (EBIT): 11.6 bn MAD (+1.5% YoY)
- Operating margin: 36.8%
- Cost of risk: 1.2 bn MAD (0.50% of gross customer loans, down from 0.62% last year)
The bank’s performance was underpinned by a robust collection of savings and a vigorous lending strategy across Morocco and its other markets.
Credit Portfolio Expansion
- Overall credit to the economy in Morocco grew 9% to a net production of 28 bn MAD.
- Equipment financing surged 36% to 142 bn MAD.
- Corporate loans rose 14% to 227 bn MAD.
- Household credit reached 5.5 bn MAD for the six‑month period.
- In other operating countries, credit to the economy increased 6.4% at constant exchange rates.
Deposit and Savings Growth
Deposits in Morocco climbed 12% year‑on‑year, reaching 382 bn MAD. At the Group level, total savings collected amounted to 553.8 bn MAD (+13.8% YoY), while total loans disbursed hit 464.3 bn MAD (+11.2% YoY).
Digital Transformation – Launch of "Simple"
Attijariwafa Bank introduced "Simple", marketed as the first Moroccan neobank. The mobile‑first app bundles banking, payments, savings, investment and everyday‑use features, allowing customers to operate without visiting a physical branch.
Digital channels now account for 94.9% of all transactions in H1 2026, up from 74.2% in 2019. The number of digital platform connections reached 181.5 million, compared with 71.5 million in the same period of 2019.