March 7, 2017 / 8:20 AM / 4 months ago

Morocco's Attijariwafa bank says 2016 net profit increases 5.7 pct vs a year ago

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RABAT, March 7 (Reuters) - Attijariwafa Bank, one of Morocco's biggest lenders, reported on Wednesday a 2016 net profit attributable to shareholders of 4.8 billion Moroccan dirhams ($475.85 million), up 5.7 percent from a year ago.

The bank, controlled by Moroccan royal family holding SNI, said total consolidated assets rose 4.3 percent, while net banking income rose 3.6 percent to 19.7 billion dirhams. ($1 = 10.0872 Moroccan dirham) (Reporting by Samia Errazzouki; editing by Patrick Markey)

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