Attijariwafa bank is strengthening its footprint in Central Africa, reporting solid performance across the CEMAC region in 2024. The Moroccan banking group’s subsidiaries in Cameroon, Gabon, Congo, and Chad posted a combined net profit of 66.7 billion CFA francs this year—marking a 21% increase compared to the previous year.
Gabon and Congo emerged as key drivers of this growth, benefiting from strong economic momentum. In Cameroon, the bank’s results showed more modest gains, while in Chad, the local branch is beginning to stabilize after a challenging period. A recent capital injection helped curb losses and restore the subsidiary’s financial flexibility, paving the way for a gradual recovery.
Attijariwafa bank is pursuing a multi-pronged strategy to expand its presence in the region. While retail banking remains a core focus, the group is also ramping up its activities in insurance and financial intermediation. This broader approach reflects the bank’s long-term ambition to position itself as a leading financial player in Central Africa, not only in traditional banking services but across the wider financial ecosystem.
