Company: Attijariwafa Bank
Country: Morocco
Sector: Regional Banks
CEO: Mohamed El Kettani (Chairman and Chief Executive Officer, since 2007)
Website: https://www.attijariwafabank.com
Careers Page: https://recrutement.attijariwafa.com/
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Casablanca, Morocco
Founded: 2004
Valuation/Revenue: $3,600.3m revenue; $15,634.3m market cap (African Business Top 250, 2025, rank #45)
Attijariwafa Bank is Morocco’s largest bank by assets and one of the most valuable financial institutions in Africa, offering retail, corporate, investment banking, insurance and asset management services across Morocco and roughly 15 other African countries, plus a presence in Europe. It was formed in 2004 through the merger of Banque Commerciale du Maroc and Wafabank and is majority owned by Al Mada, the Moroccan royal family’s investment holding company.
How Big Is Attijariwafa Bank?
Attijariwafa is one of Africa’s most valuable listed companies. On the African Business Top 250 (2025) list it ranks #45 with revenue of approximately $3.6bn, but its market capitalisation of roughly $15.6bn is dramatically larger than its revenue — a hallmark of large, well-capitalised banks whose market value reflects their balance sheet and lending book rather than top-line revenue alone. By total assets, Attijariwafa is regularly cited as Morocco’s largest bank and one of the largest banking groups on the African continent, with a network described as having more than 4,300 branches, the most extensive of any bank on the continent.
What Does Attijariwafa Bank Do?
The group provides the full range of universal banking services: retail and consumer banking, SME and corporate lending, investment banking and capital markets, insurance (through affiliated entities), asset management, leasing, and specialised financing such as consumer credit and factoring. Its pan-African subsidiary network covers Tunisia, Egypt, Côte d’Ivoire, Senegal, Mali, Cameroon, Gabon, Republic of the Congo, Benin, Burkina Faso, Niger, Mauritania, Togo and Chad, making it one of the most geographically diversified banking groups headquartered in North Africa. It also maintains representative offices and subsidiaries in Europe and Asia to serve trade finance and diaspora banking needs.
Who Is the CEO of Attijariwafa Bank?
Mohamed El Kettani has served as Chairman and Chief Executive Officer since 2007, making him one of the longest-serving bank chief executives in Africa. Under his leadership the bank has expanded aggressively across Francophone and Anglophone Africa and built a reputation as one of the continent’s most influential financial institutions; he has received national honours from several African governments in recognition of the bank’s regional investment and development role.
Who Owns Attijariwafa Bank?
Al Mada, the investment holding company controlled by the Moroccan royal family, is the controlling shareholder with roughly 46.5% of the bank as of end-2023. Other significant shareholders include the mutual insurance groups MCMA-MAMDA (about 8.09%) and Spain’s Santander Group (about 5.27%), alongside a broad base of Moroccan institutional and public investors on the Casablanca Stock Exchange.
Is Attijariwafa Bank Publicly Traded?
Yes. Attijariwafa Bank is listed on the Casablanca Stock Exchange (ticker ATW) and is consistently among the largest companies by market capitalisation on that exchange, as well as featuring on regional rankings such as Forbes Middle East’s most valuable companies lists.
Where Is Attijariwafa Bank Headquartered?
The bank’s head office is in Casablanca, Morocco’s economic and financial capital, where most of the country’s largest listed companies and financial institutions are based.
How Does Attijariwafa Bank Compare to Its Competitors?
Within Morocco, its main rivals are Banque Populaire (Groupe BCP) and BMCE Bank of Africa (Bank of Africa), both of which also operate extensive African subsidiary networks. On a continental scale, Attijariwafa is often compared with other pan-African banking groups such as Ecobank and South Africa’s Standard Bank, though its footprint is concentrated more heavily in Francophone North, West and Central Africa rather than the broader continental spread of Ecobank or Standard Bank.
How Has Attijariwafa Bank Performed Recently?
Attijariwafa has continued to post steady profit growth in recent years, supported by rising interest income, growth in its African subsidiary network, and expansion of digital banking services across its footprint. The bank has consistently been ranked among the top 100 most valuable companies in the Middle East and Africa by Forbes Middle East, reflecting its scale relative to other North African financial institutions. Its pan-African subsidiary network, covering 15 countries outside Morocco, has become an increasingly important profit contributor as the bank leverages its Moroccan balance sheet strength and risk management systems to grow lending and deposit-taking in faster-growing Sub-Saharan African economies.
What Is Attijariwafa Bank’s Workforce and Footprint?
With more than 4,300 branches described as the most extensive network of any bank on the African continent, Attijariwafa employs tens of thousands of staff across its home Moroccan market and its African, European and Asian operations. Its retail branch density in Morocco is unmatched by any domestic rival, giving it a significant advantage in deposit gathering and customer acquisition, while its investment banking and capital markets arm plays a central role in Morocco’s corporate bond and equity issuance activity on the Casablanca Stock Exchange.
Links
Website: https://www.attijariwafabank.com
Careers Page: https://recrutement.attijariwafa.com/
LinkedIn: Not found
Email: Not publicly listed
FAQ
Who owns Attijariwafa Bank?
Al Mada, the Moroccan royal family’s investment holding company, owns roughly 46.5%, with other institutional shareholders including MCMA-MAMDA and Santander Group.
Who is the CEO of Attijariwafa Bank?
Mohamed El Kettani, Chairman and CEO since 2007.
Is Attijariwafa Bank publicly traded?
Yes, on the Casablanca Stock Exchange under the ticker ATW.
How many countries does Attijariwafa Bank operate in?
Around 15 African countries plus representative offices in Europe and Asia.
When was Attijariwafa Bank founded?
In 2004, through the merger of Banque Commerciale du Maroc and Wafabank.
Is Attijariwafa Bank the largest bank in Morocco?
Yes, it is generally regarded as Morocco’s largest bank by total assets and branch network.