The Attijariwafa bank group has been present in Egypt, through its subsidiary Attijariwafa bank Egypt, since 2017. The group has indeed bought 100% of Barclays bank and aims to make it a universal bank regrouping retail and corporate banking activities. The group intends to capitalize on its proven expertise to offer tailor-made solutions to a diversified clientele of private professionals, private clients, businesses and institutions.
This acquisition enabled the Attijariwafa bank group to expand its international network into Africa's third-rich economy with a population of 98 million and to establish itself in a banking market with sustained growth prospects.
A key player in the Egyptian banking market, Attijariwafa bank Egypt has 64 branches in 18 Egyptian cities and offers innovative tailor-made expertise and solutions to a diverse clientele of individuals, professionals, businesses and institutions.
In 2018, the Group implemented an ambitious strategic plan for Attijariwafa bank Egypt aimed at significantly strengthening its position in the Egyptian market, while maximizing Group synergies. Finally, this operation paves the way for the Group's development in the Middle East and East Africa.