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BANKING

Morocco Best Bank: Attijariwafa Bank

Bahrain I Egypt I Iran I Israel I Jordan I Kuwait I Lebanon I Morocco I Oman I Qatar I Saudi Arabia I United Arab Emirates I Lifetime Achievement Attijariwafa Bank, created when Banque Commerciale de Maroc completed its acquisition of rival Wafabank in October 2004, has again won the award for best bank in Morocco. The country’s largest bank’s return on average equity grew by 13% last year, as the blend of Wafa’s retail strengths and BCM’s traditional corporate and commercial expertise continued to generate solid profits. Attijariwafa grew assets by 28% in the financial year 2005, and net income growth was close to 700%: impressive numbers, and proof that the bank has been able to integrate its acquisition to pull ahead of the competition.

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