, under construction in April 2023|301x301px The modern Attijariwafa Bank was established in 2004 through the merger of two long-standing Moroccan banks:
Wafabank and
Banque Commerciale du Maroc (BCM). Wafabank’s history dates back to 1904, when the
Compagnie Française de Crédit et de Banque opened a branch in
Tangier; this entity eventually became Wafabank after several reorganizations and a name change in 1985. BCM was founded in 1911 with the establishment of a branch of
Banque Transatlantique in Tangier and later grew into a major commercial bank in Morocco. The merger combined the legacy networks and operations of both banks into a unified financial group operating under the name
Attijariwafa Bank. In 2005, Attijariwafa Bank in consortium with
Banco Santander acquired 54% of
Banque du Sud in
Tunisia, subsequently renamed . In Senegal, it obtained a banking license in 2005 and started its own operations in 2006; acquired a 67% stake in the country's fifth-largest bank, Banque Sénégalo-Tunisienne (BST), in January 2007; and acquired a 79% stake in the
Compagnie Bancaire de l'Afrique Occidentale in April 2008, which it merged with its other Senegalese operations in December of that year, under the name
CBAO Groupe Attijariwafa Bank. In November 2008, the group acquired a 51% stake in (BIM, est. 1980 in
Bamako). In late 2009, it acquired the operations of
Crédit Agricole in four more countries, namely (est. 2002 in
Brazzaville), (UGB, est. 1962 in
Libreville), (SIB, est. 1962 in
Abidjan), and (est. 1989 in
Dakar). In December 2010, it partnered with
BCP Group to acquire an 80% stake in BNP Paribas Mauritanie (est. 2006 in
Nouakchott), then purchased a 51% stake in (SCB Cameroun, est. 1989 in
Yaoundé), and in September 2013, a 55% stake in
Banque Internationale pour l'Afrique au Togo (BIA Togo, in
Lomé). In 2017, it acquired 100% of the former
Barclays subsidiary in
Egypt. In the meantime, the group also established operations in
Guinea-Bissau in 2008, and through its Senegalese subsidiary CBAO in
Burkina Faso in 2011,
Niger in 2013, and
Benin in 2015. On 10 August 2023, Attijariwafa Bank has launched a new payment solution powered by
Apple Pay. As of end-2023, the group's operations in Africa outside Morocco represented around a quarter of its total assets, with the largest contributions coming from Tunisia (5.6%), Egypt (4.7%), Côte d'Ivoire (4.1%), and Senegal (3.8%). Attijariwafa Bank ranked 14th on
Forbes Middle East's 30 Most Valuable Banks 2025 list. It also ranked 26th on Forbes Middle East's Top 100 Listed Companies 2025 list. ==Leadership==