Attijariwafa Bank stock reports 4 percent H1 growth

Published on 09/24/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Attijariwafa Bank stock stood at MAD 691.10 on September 23, 2026, 14.0 percent below its 52-week high. H1 2026 net banking income rose 4 percent to MAD 18.4 billion.

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Attijariwafa Bank stock stood at MAD 691.10 on the Casablanca Stock Exchange on September 23, 2026, up 0.01 percent on the session and 14.0 percent below its 52-week high of MAD 804.00. The latest half-year figures show a bank growing revenue and earnings at different speeds.

H1 income rises 4 percent

In the first half of 2026, consolidated net banking income reached MAD 18.4 billion, an increase of 4 percent from the prior-year period, while consolidated net income rose 2.3 percent to MAD 7.1 billion, according to Nexus Living in its September 2026 review.

Group net income reached MAD 5.9 billion in H1 2026, up 1.1 percent from H1 2025. The gap between consolidated earnings growth and group earnings growth makes the group contribution a key number for assessing the result.

Credit expansion adds scale

Equipment loans reached MAD 142 billion in H1 2026, up 36 percent year over year, while corporate loans rose 14 percent to MAD 227 billion. Moroccan deposits increased 12 percent to MAD 382 billion, according to the same H1 2026 review.

The operating profile also includes MAD 464.3 billion in loans distributed and MAD 553.8 billion in collected savings during H1 2026. These figures point to continued balance-sheet expansion even as earnings growth stayed below the pace of equipment lending.

2028 earnings estimate rises

Attijari Global Research expects group net income to reach MAD 12.8 billion in 2028. Le Matin reported that the research unit projects average annual group net income growth of 6.5 percent between 2025 and 2028.

The same analysis puts the expected 2028 price-to-earnings ratio at 11.5 times, compared with a 17.8 times decade average for the listed banking sector. That comparison frames the stock through both earnings growth and valuation discipline.

Stock trades below yearly high

Attijariwafa Bank stock was trading at MAD 691.10 on the Casablanca Stock Exchange on September 23, 2026, with a 52-week range of MAD 663.10 to MAD 804.00 and a session change of 0.01 percent. The price was 14.0 percent below the yearly high.