Wafa Life Insurance Egypt to formally start business in Egypt by the end of 2021

EGYPT – Wafa Life Insurance’s Egypt division has announced that it is set to formally start business in Egypt by the end of 2021, saying the decision is the culmination of a series of negotiations with Egyptian authorities. The company, which is a subsidiary of Morocco’s Wafa Assurance and part of the Attijariwafa bank group, announced in July that it…

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Morocco’s Attijariwafa Bank half-year profits plunge by 57.5%

MOROCCO – Attijariwafa Bank, one of Morocco’s biggest lenders, has reported a 57.5% drop in first-half net profit attributable to shareholders to 1.2 billion dirhams ($130 million). Attijariwafa however noted that its net banking income for the first half of 2020 rose 5.1% to 12.4 billion dirhams. The bank which is part of king Mohammed VI’s holding company the SNI…

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Morocco’s Attijariwafa Bank defies tough macroeconomic trends to grow total assets to US$55bn in 2019

MOROCCO – Attijariwafa, Morocco’s largest bank has released its 2019 financial report revealing a steady earnings growth despite mixed macroeconomic trends in the group’s countries of presence, Morocco World News has reported. The Bank noted that by the end of 2019, the total consolidated assets of Morocco’s Attijariwafa Bank had reached MAD 532.6 billion (US$55 billion). Attijariwafa further noted that…

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Morocco’s Attijariwafa Bank signs partnership agreement with National Bank of Canada

MOROCCO – Attijariwafa bank (AWB) has signed a partnership agreement with the National Bank of Canada (NBC) to facilitate banking services for Moroccans residing in Canada, including students. The communications and marketing director of the Attijariwafa Bank group, Younes Kettani, signed the cooperation agreement with the first vice-president of the Canadian Bank, Jean-François Hanczakowski, in the presence of the head…

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