“Bank Credit in Morocco 2023: Stats, Trends & Analysis | The Economist”

2023-05-13 22:39:04

By The Economist| On 05/13/2023 – 23:39 | Share

Outstanding bank credit stood at 1,038.2 billion dirhams in the first quarter of 2023, recording an increase of 5% year-on-year, according to Bank Al-Maghrib (BAM).

In detail, the outstanding credit to non-financial agents stood at 894.6 billion DH and that to financial agents at 143.5 billion DH, specifies BAM in its dashboard “credits and bank deposits”. for the month of March. The 4.9% annual increase in loans to private non-financial enterprises (NFEs) is mainly due to the 5.3% rise in cash facilities and the 4.2% increase in equipment loans. On the other hand, real estate loans fell by 5.8%, underlines the central bank.

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