Attijariwafa bank : Press release 2Q 2020

RESULTS at 2nd quarter of 2020

Attijariwafa bank's press release

Second quarter financial press release 2020

N° 1 Savings institution	N° 1 provider of financing to the economy
Total savings*	Total consolidated loans**
(billion MAD)	(billion MAD)

462.9	490.2		330.2
	317.6
	+5.9%		+4.0%
June 19	June 20	June 19	June 20

(*) Consolidated customer deposits + assets under management + bancassurance assets

Financial Information and Investor Relations: Ibtissam Abouharia E-mail : [e-mail] ir.attijariwafabank.com

In a context of health and economic crisis related to Covid19, the second quarter of 2020 was marked by an exceptional mobilization and commitment of Attijariwafa bank's teams, providing support to customers and helping them manage the impacts of this crisis.

In Morocco, the customer support mechanisms set up by Attijariwafa bank, in the wake of the measures deployed by the government and Central bank (Bank Al-Maghrib), enabled supporting more than 19,500 companies, mainly SMEs, through the distribution of MAD 25 billion in new loans since the beginning of the crisis.

In the second quarter of 2020, loans and savings amounted to MAD 330.2 billion (+4.0%*) and MAD 490.2 billion (+5.9%*) respectively on a consolidated basis. Net banking income totalled MAD 6.3 billion compared to MAD 5.8 billion in the second quarter of 2019 (+8.9%). The evolution of NBI was negatively impacted by the general slowdown of activity resulting from the crisis in the various countries of presence and positively by few non-recurring items, more particularly the good performance of market activities following the drop in sovereign bond yields in Morocco.

Net income Group share is expected to decline significantly for the first half and full year 2020, due to Covid-19 related deterioration of credit risk and the associated anticipatory and forward-looking provisioning, as well as the exceptional contribution to the Covid-19 special fund.

(*) For period between June 30th, 2020 and June 30th, 2019

Figures for Q2 2020 are unaudited. The audited financial statements will be published as soon as they get approved by the Board of Directors, scheduled for September 22, 2020.

Attijariwafa bank, a limited company with a capital of MAD 2,035,272.260. Head office : 2, boulevard Moulay Youssef, Casablanca. Approved as a credit institution by order of the Minister of Finance and Privatization n° 2269-03 of the 22 December 2003 as amended and supplemented. Trade Register n° 333.