Attijariwafa bank: the history of a hundred-year-old group

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The history of Attijariwafa bank is closely linked to the history of the Kingdom of Morocco. Since 1904, the bank has played a decisive role in the modernisation of the financial sector, making its mark on the national economy and its industrial fabric.

With a legacy of two century-old banks and a forward-looking vision, Attijariwafa bank has, over the generations, built a relationship of trust and partnership with its clients. Always demonstrating dynamism as well as technological and commercial innovation, the bank has, across time, diversified its businesses and expertise to meet the needs of all citizens, whatever their status or social background.

1904

The Compagnie Française de Crédit et de Banque (CFCB) opens a branch in Tangier through its Algerian subsidiary, CACB

1911

The Banque Commerciale du Maroc (BCM) is founded with the establishment of a branch of the transatlantic bank in Tangier

1964

CACB is developed in Morocco, becoming the Compagnie Marocaine de Crédit et de Banque (CMCB)

1985

CMCB changes its name to Wafabank

1987

The BCM positions itself as the “First Private Bank of the Kingdom” and opens its 100th branch

1993

Wafabank enters the Casablanca Stock Exchange

2003

Merger of Banque Commerciale du Maroc (BCM) and Wafabank 

2004

The birth of Attijariwafa bank with the launch of its visual identity

2005

Attijariwafa bank begins its international development by acquiring the Tunisian Banque du Sud, which would then become Attijari bank Tunisie

2005-2010

Acquisition of several subsidiaries in sub-Saharan Africa

2006

Attijariwafa bank opens its first European banking subsidiary, Attijariwafa bank Europe, based in Paris

2010

Attijariwafa bank launches Dar Assafaa, the leading financial institution specialising in alternative banking products

2015

The Attijariwafa bank Group reaffirms its positioning through a new tagline: “Believe in yourself”

2016

Attijariwafa bank acquires 100% of Barclays Bank Egypt and receives the distinction of “Fourth largest African bank” from The Banker magazine

2017

Attijariwafa bank receives approval for the official launch of its participative bank Assafa Bank and begins its activity in 15 Moroccan cities