Attijariwafa bank Egypt

What Attijariwafa bank Egypt does

Attijariwafa Bank Egypt S.A.E. (التجريبي وفا بنك إيجيبت) is a privately held Egyptian joint stock bank operating as a wholly-owned subsidiary of Morocco-listed Attijariwafa Bank Group (Casablanca ticker: ATW), one of the largest pan-African banking groups. The entity was created when the parent group acquired Barclays Bank Egypt in May 2017 and rebranded it on November 3, 2017. It operates as a universal bank serving retail, corporate, SME, and high-net-worth (Banque Privée) customer segments across Egypt, with a physical branch network in Cairo (Heliopolis headquarters), Alexandria, Giza, Asyut, Aswan, and Maadi, complemented by dedicated private banking hubs.

The bank offers a full suite of banking products including tiered savings and current accounts (Wafa Premium, Wafa Daily, Wafa Saver, Wafa Baseet), personal and unsecured loans (EGP 5,000 to EGP 3,000,000), a card portfolio spanning Premier/Prestige/Gold/Platinum/Signature/Ma'aky tiers, corporate trade finance, cash management, working capital finance, treasury, and debt capital market services. Its technology stack centers on WafaNet internet banking and the Attijari Mobile Egypt app (iOS/Android), augmented by WhatsApp Banking, SMS, E-Statement, IBAN Converter, and integrations with MoneyGram (international transfers), InstaPay (instant payments), and Fawry (POS-based cash-in/cash-out). Sub-brands include the WafaPoints loyalty program (first travel rewards program in Egypt, exclusive to Platinum cardholders), the Ma'aky female-themed debit card, and the Banque Privée private banking service.

Revenue mechanics rely on conventional banking streams: net interest income from loan and deposit spreads (savings rates up to 17.75% on top balance tiers), recurring account maintenance fees (EGP 50–200 monthly by tier), card annual fees, trade finance and corporate service fees, and transaction-based income from MoneyGram remittances. The bank is privately held with no public ticker, no disclosed revenue, and no disclosed headcount, and inherits its strategic positioning, brand, and cross-border advisory reach from its Moroccan parent group.

Name

Attijariwafa bank Egypt

Legal name

Attijariwafa Bank Egypt S.A.E.

Website

https://attijariwafabank.com.eg

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Attijariwafa Bank Egypt is a Cairo-headquartered universal bank and wholly-owned subsidiary of Morocco's Attijariwafa Bank Group, offering retail, corporate, SME, and private banking services across Egypt through branches, digital platforms, and dedicated private banking hubs.

Ownership category

akta.pro rank

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking revenue generated from interest spreads on loans, mortgages, and credit facilities extended to retail, corporate, and SME customers. Interest rates are tiered based on loan amount and tenure.
2. Account Fees and Charges: Monthly maintenance fees for various account types (EGP 50 for Retail, EGP 100 for Prestige, EGP 150 for Premiere, EGP 200 for Private), account opening fees (EGP 200 for Wafa Daily), and balance drop penalty fees (EGP 100 below 50,000).
3. Card-related Fees: Revenue from debit and credit card annual fees, with different tiers (Premier, Prestige, Gold, Platinum cards) and associated benefits.
4. Trade Finance and Corporate Services: Fees for trade services including letters of credit, guarantees, and trade finance solutions for corporate clients.
5. International Transfer Services: Revenue from MoneyGram international transfer services, providing receiving services for international remittances.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Attijariwafa Bank Egypt is a universal bank providing a full suite of banking products and services to individuals, corporates, SMEs, and high-net-worth clients. Its offering spans retail banking (accounts, personal loans, credit/debit cards), corporate and SME banking (working capital, cash management, trade finance, treasury, debt capital market), and dedicated private banking services, supported by digital channels including internet and mobile banking.

Product overview

Attijariwafa Bank Egypt operates as a comprehensive universal bank offering a diverse portfolio of retail, corporate, and private banking products and services. The retail banking offering includes multiple savings and current account variants (Wafa Premium, Wafa Daily, Wafa Saver, Wafa Current, Wafa Baseet, Current Account, Unlimited Transactional Account), personal loans with insurance, and a full spectrum of debit and credit cards (Premier, Prestige, Gold, Ma'aky Female, Platinum, Gold, Cashback, Signature). The WafaPoints loyalty program ties together card products with reward benefits. Corporate services encompass trade finance, cash management, working capital financing, business loans, treasury, and debt capital market solutions. Digital banking is delivered through Wafanet (online platform), Attijari Mobile Egypt (iOS/Android apps), ATM, SMS, E-Statement, WhatsApp, and IBAN Converter. Additional services include MoneyGram international transfers, credit and life insurance, payroll services, and exclusive Private Banking (Banque Privée) with dedicated advisors and premium metal cards.

Differentiator

Problem solved

Functional benefit

Brands

• WafaPoints: Loyalty program offering points for every EGP spent on debit and credit cards, redeemable for rewards and travel benefits.
• Wafanet
• Ma'aky

Products and services

• Wafa Premium A premium savings account designed for high-value retail customers seeking tiered benefits and preferential interest rates.
• Wafa Daily Current Account A daily-use current account for individual customers handling routine transactions and cash flow.
• Wafa Baseet Accounts Financial inclusion banking accounts designed to bring underbanked and unbanked populations into the formal banking system.
• Personal Loans Loans extended to individual retail borrowers for personal financing needs.
• Banque Privée Dedicated private banking service offering tailored wealth management, investment advisory, and bespoke banking solutions for high-net-worth individuals.
• Corporate Banking Comprehensive corporate banking services for businesses including financing, transactional banking, and advisory solutions.
• Trade Service & Trade Finance Trade finance solutions supporting import, export, and trade-related transactions for corporate clients.
• Cash Management Solutions Cash management services including liquidity, payments, collections, and account services tailored for corporate treasuries.
• Working Capital Finance Financing solutions addressing short-term operating needs and liquidity for corporate and SME clients.
• Wafa Business Loan Loan product specifically designed for SME and small business financing needs.
• Treasury Treasury and capital markets services offered to corporate clients, including FX, money market, and hedging products.
• Debt Capital Market Debt capital market advisory and arranging services supporting corporate bond and structured debt issuance.
• Platinum Credit Card Premium-tier credit card for affluent retail customers with elevated rewards and benefits.
• Cashback Credit Card Credit card offering cashback rewards on retail purchases for individual cardholders.
• Signature Credit Card Signature-tier credit card providing enhanced spending power and travel/insurance benefits.
• Prestige Debit Card Premium-tier debit card linked to a current or savings account for high-value retail customers.
• Premier Debit Card Mid-premium debit card for retail customers with enhanced everyday banking features.
• Gold Debit Card Gold-tier debit card offering elevated features and benefits for retail customers.
• Ma'aky Female Debit Card Debit card designed specifically for female retail customers with tailored benefits and features.
• MoneyGram Services International money transfer service enabling customers to send and receive remittances globally.
• WafaPoints Loyalty Program Loyalty program rewarding retail customers with points redeemable against banking products, services, and partner offers.
• WafaNet (Internet Banking) Internet banking platform allowing customers to perform account transactions, payments, and inquiries online.
• Mobile Banking Mobile application enabling customers to conduct banking transactions and access account services via smartphone.
• Credit Shield Insurance Insurance protection covering outstanding loan balances in case of borrower death, disability, or critical illness.
• Free Life Insurance Coverage Complimentary life insurance coverage bundled with qualifying banking products for retail customers.
• Wafa Export Pack Packaged solution supporting Egyptian exporters with financing, advisory, and trade-related services.
• Payroll Services Salaries and wages administration service offered to corporate clients, with account opening and payment processing for employees.
• InstaPay Instant payment service enabling real-time fund transfers between bank accounts and mobile wallets in Egypt.
• Cash in Cash Out Service enabling retail customers to deposit and withdraw cash at agent locations or partner points outside of bank branches.

Quantifiable outcome

• Unlimited maximum balance on Wafa Premium savings accounts
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

One partnership is on record.

• MoneyGram InternationalcoreChannel Partner/ Reseller/ DistributorAttijariwafa Bank Egypt serves as a MoneyGram agent, offering international money transfer receiving services to customers at bank branches across Egypt. This partnership enables customers to receive remittances from abroad through the MoneyGram global network.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Others

• Fawry: Egyptian digital payments and fintech platform that is both a partner (Cash-in/Cash-out integration) and an ecosystem participant shaping digital banking behavior in Egypt. Adjacent rather than directly competing.

Broad incumbents

• Banque Misr: Major state-owned Egyptian commercial bank with comprehensive retail, corporate, and Islamic banking offerings. Comparable as a broad incumbent competing across the same Egyptian customer segments.
• National Bank of Egypt: Largest state-owned Egyptian commercial bank with a dominant branch network and full retail, corporate, and treasury services. Comparable as a broad incumbent in the same universal banking space.
• HSBC Egypt: Egyptian subsidiary of HSBC serving corporate, institutional, and HNW retail customers with an international-banking flavor. Comparable in targeting the private banking and corporate trade finance segments.
• Attijariwafa Bank (Morocco): Parent group headquartered in Morocco — one of Africa's largest banking groups operating across multiple countries. Comparable as the parent entity and the closest proxy for the group's strategy, scale, and product capabilities.

Direct peers

• Arab African International Bank: Egyptian joint-stock commercial bank with retail, corporate, and trade finance services and a foreign-affiliated ownership structure. Comparable on product set and customer segmentation.
• QNB Alahli: Egyptian commercial bank majority-owned by Qatar National Bank offering retail, corporate, and private banking. Comparable as a foreign-affiliated universal bank competing across the same Egyptian customer segments.
• Banque du Caire: Egyptian commercial bank serving retail, SME, and corporate clients with a multi-channel distribution model. Directly comparable in size, product breadth, and Egyptian market focus.
• Commercial International Bank (CIB Egypt): Egypt's largest privately-owned commercial bank serving retail, corporate, SME, and private banking segments. Most direct comparable to Attijariwafa Bank Egypt in terms of full-service universal banking product set and Egyptian client base.

Regional players

• AlexBank (Intesa Sanpaolo): Egyptian bank owned by Italy's Intesa Sanpaolo offering retail, SME, and corporate banking. Comparable as a foreign-affiliated Egyptian universal bank with similar product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/attijariwafa-bank-egypt

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Attijariwafa bank Egypt