Company Profile For Attijariwafa Bank

Attijariwafa Bank is a Morocco-based financial and banking group operating in North Africa, principally in Morocco. It has 624 agencies in Morocco, 35 points of sale in France, Belgium, Spain, Italy and China, 103 in Tunisia and 19 in Senegal. Its banking activities include personal and professional banking, corporate banking, investment banking and international banking. Attijariwafa Bank also offers real estate, insurance and banking services through its subsidiaries including Wafa Immobilier, Wafa Assurance, Wafasalaf, Wafabail, Wafacash, Wafa LLD and Attijari Factoring, among others. In the fiscal year 2008 the Bank acquired 51% of Banque Internationale pour le Mali and has launched Andalucarthage. The Company also acquired a stake of 39.6% in Compagnie Bancaire de l'Afrique de l'Ouest and merged it with its subsidiary Attijariwafa bank Senegal to form CBAO-Groupe Attijariwafa bank consolidee with participation of 49%.

BRIEF: For the six months ended 30 June 2009, Attijariwafa Bank's total interest income increased 20% to MAD5.98B. Net interest income after loan loss provision increased 1% to MAD3.08B. Net income for the period increased 11% to MAD1.69B. Total interest income reflects increased demand for the Company's products and services. Net income for the period was partially offset by decreased commissions income and increased commissions expense.