ynamique
Attijariwafa in brief The Group Director General, Mr. IsmaĂŻl Douiri, briefly presents to Ambassadors the main figures of Attijariwafa bank, as well as the steps of their international expansion. fter the visit of the most beautiful exhibition of the painter El Glaoui, Ambassadors group has been welcomed in the counsel room by the Director General of Attijariwafa Group, Mr. IsmaĂŻl Douiri for a detailed presentation of the bank and its activities. It has been reminded that the group shareholding is composed of the ONA/SNI consortium holding 48% of shares, different institutionals, for 30% of shares and 4.55% of the Spanish group Santander. The rest of actions float in stock exchange. On the African continent level, the bank is ranked between the fifth and seventh place, when we compare assets, deposits, credits and bank net product. Attijariwafa is ranked just behind Algerian, Egyptian and South-African banks, mainly due to the abundant natural resources of these countries or of their populations more important in comparison to Morocco. In Morocco, according to deposits and credits, Attijariwafa group has a leading position, with 26% of market share. In Tunisia where the group was set up in 2004, the market share of Attijariwafa exceeds today 9%. In UEMOA zone, set up in three countries among the eight of the union, the market share of Attijariwafa group reaches 11%. Concerning CEMAC, with two covered countries among six, Attijariwafaâs contribution is of 7% of the market. Group figures are eloquent, with 11.000 employees, over 1800 agencies (including branches), 22 covered countries and 4,3 millions of clients, Attijariwafa Group represents at best bank sector in Africa.
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The international experience of the bank dates back to the 70âs, with the canalization of RME (Moroccans Residing Abroad)âs savings. Today, Attijariwafa owns a French branch, holds a European passport and allows African immigrants settling in Europe to manage their savings and transfers in Africa. Since 2005, with Wafabank and BCM merging, know-how has been developed in bank transformation field. With the first Moroccan companies being internationalized, it was time for Attijariwafa bank to get opened in foreign countries. Having faith in regional integration, the first deployment has been carried out in Tunisia, with the acquisition of Banque du Sud, its deep transformation, mainly concerning debts recovery, recapitalization, commercial transformation and network extension. By enhancing proximity to clients, some 150 agencies are henceforth operational in Tunisia, representing the first network in size and the most important presence of the group abroad. The bank has been then directed towards Ivory Coast, Congo, Mauritania, Mali and recently, towards Cameroon. Today, the bank aims to extend its African network, mainly to Togo, Benin, Niger and Guinea Bissau (though they are already present in fast money transfer field), and with also an interest for Chad and the Republic of Central Africa. Participating ambassadors deeply thank the Director General of Attijariwafa Group for this introduction relating to the bank position, not only relating to jobs and main figures, but also concerning covered African countries.
«Since the 70âs, the bank manages immigrant Moroccansâ savings»
51 Numéro 37 - 2011