Established in September 2004 Attijariwafa bank is the product of merger between Wafabank and Banque Commerciale du Maroc. It is the leading financial group in Morocco in terms of total assets; Attijariwafa bank offers a wide range of banking and financial services to serve its customer base that extends to more than one million of clients as of 2005. In 2005, Attijariwafa bank accounted for 26.56% and 22.71% of total deposits and loans respectively in Morocco.
In 2005, Attijariwafa bank acquired 53.54% of Banque du Sud capital, in Tunisia, as part of its expansion plan. Also, the bank concluded a 10 year partnership with Western Union and applied for a banking license in Algeria. In addition, the bank launched a new subsidiary, Attijarawafa bank Europe as part of its plan to establish a business unit dedicated to Moroccans living abroad and is expanding its activities into Sub-Sahara Africa with the opening of four branches in Senegal by the end of the first semester of 2006.
Attijarawafa bank growth aims to become the leading bank for Moroccans living abroad by 2010.
Major Shareholders
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