2023-07-03 12:00:23
383.4 billion dirhams is the overall outstanding amount of loans contracted by households at the end of May.
Financing: The overall outstanding balance of bank loans reached 1,048.97 billion dirhams for the first five months of the year, an increase of 6.5%, i.e. 13.93 billion dirhams of additional loans compared to the month April 2023 and 64.27 billion dirhams compared to the same period of the previous year.
The growth rate of bank credit to the non-financial sector slowed down in the fifth month of the year. Referring to the latest statistics from Bank Al-Maghrib, these loans increased by 5.1% at the end of May, following an increase of 5.3% a month earlier, generating an outstanding amount of 906.4 billion DH. Commenting on this development, the Central Bank indicates that it reflects a 3.2% increase in loans to households, following 3.5% in April, as well as an increase in loans to private non-financial corporations of 4. 3% once morest 3.9% last month.
In detail, the outstanding amount of loans allocated to the private sector amounts to 825.2 billion DH in consolidation of 9 billion DH. Private non-financial companies hold 439.8 billion DH, ie an additional outstanding amount of around 8.3 billion DH. Loans allocated to households stood at around 383.4 billion DH, an improvement of 600 million DH, of which 339.8 billion DH went to individuals and Moroccans around the world at a time when individual entrepreneurs contracted 43.6 billion DH to at the end of May. As regards the public sector, 25.9 billion DH of loans were allocated to local administrations once morest 55.4 billion DH to public non-financial corporations.
In addition, the overall outstanding balance of bank loans reached for the first five months of the year 1,048.97 billion DH, an increase of 6.5%, or 13.93 billion DH of additional loans compared to the month of April 2023 and 64.27 billion DH compared to the same period of the previous year. By economic purpose, real estate loans posted an increase of 1.8% at the end of May, following an increase of 2.1%. Their outstanding amount thus stands at around 300.80 billion DH. Referring to Bank Al-Maghrib, this change actually covers a 7.4% drop in loans granted to real estate development, thus amounting to 52.46 billion dirhams. On the other hand, the growth rate of real estate loans showed stagnation over the said period at 2.5%, standing at around 241.30 billion DH, of which 20.036 billion DH allocated in the form of crowdfunding (+17.1%).
Similarly, the Central Bank shows growth in cash facilities of 5.3% following 7.3%, reflecting in particular the increase in loans allocated to private companies of 1% once morest 1.7%.
For their part, consumer loans posted a slowdown in the fifth month, realizing at the end of May a growth of around 2% once morest 2.6% previously, ie an outstanding amount of 57.85 billion DH. Equipment loans, for their part, increased by 3.6% following a growth of 4.3% earlier to stand at around 181.85 billion DH.
According to Bank Al-Maghrib, this development is driven by an increase in loans allocated to private companies by 2.9% following 3.9% as well as those to public non-financial companies by 5.8% once morest 6.5% in April. 2023. As for non-performing loans, their growth rate fell from 6.9% in April to 6.3% in May 2023. Their credit ratio stood at around 8.9%.
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