Top 10 Companies in Africa 2015

Posted in Top Brand Lists, Total Reads: 670
Advertisements

7. Attijariwafa Bank

Attijariwafa Bank (AB) is an entity involved in banking and financial services with headquarters in Casablanca, Morocco.


Image: Wikimedia


It’s part of Moroccan king, Mohammed VI’s holding company, SNI and has been listed on the Casablanca Stock Exchange since 1943. AB’s primary products are asset and investment management, commercial and investment banking. It has operations in 24 countries across Africa and Europe and the group operates through specialized subsidiaries in all major financial businesses like factoring, consumer credit, leasing, asset management, securities brokerage, consulting etc.

It was established in 1911 by the merger of Banque Commerciale du Maroc and Wafabank.

The governance is bases on 6 business units, representing the major activities of the group:

• Bank of Enterprise: The focus group are SMEs for which it has SME Financing Investment products & services.

• Bank for individual and professional: It caters to the retail customers

• Bank of Morrocan without borders:

• Financing bank: It focusses on project financing primarily.

• Bank of international retail: It is structured around a network of local banks based in countries of the Maghreb and sub-Saharan Africa, including Attijari Bank Tunisia and Attijari Bank Senegal.

• The capital markets and investment: It promotes synergies between various business lines.

The areas of business of AB and the subsidiaries handling them are as follows:

• Domestic banking, Europe and Offshore Banking: Attijariwafa Bank SA, Attijari International Bank, Attijariwafa Bank Europe and investment holding companies

• International retail banking: Banks of the Sub-Saharan area and Attijari Bank Tunisie

• Specialised Financial subsidiaries: Moroccan subsidiaries handling consumer finance, leasing, money transfer activities, factoring, mortgage loan.

• Insurance & Property: Wafa Assurance Strategy

Revenues: $3.1 billion

Net Income: $0.52 billion

Assets: $44.3 billion