Attijariwafa Bank officials said the Moroccan bank net profit went down 8%.
The main reasons to this fall, according to the same source, emanates from an increasing bad loans in the Moroccan market as well as to weak economies in sub-Saharan Africa.
According to the bank’s officials, in 2013 Bad loans represented 9.08 billion Dirhams.
On the other hand, the bank reported a banking income increase of 4.9%.
It is worth pointing out that Attijariwafa Bank is one of the strongest bank companies in Africa.
Just in Africa, The company has subsidiaries in Tunisia, Ivory Cost, Senegal, Mauritania, Mali, Cameroon, Gabon, Congo Brazzaville and Togo.
