Wednesday 5 October 2011

Profit for Moroccan bank, but much risk - The National

Morocco's Attijariwafa Bank is expected to report big profits this year from its expansion, but questions remain if there is much upside left in the stock price.

The bank has been using income from its domestic operations to expand in Africa.

It has subsidiaries in Tunisia, Ivory Coast, Senegal, Mauritania, Mali, Cameroon, Gabon and Congo Brazzaville, plus branches in Europe catering mainly to Moroccan expatriates.

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