Bank Credit Stagnation and Disparities: Latest Statistics from Bank Al-Maghrib

2023-08-30 19:25:17

At the end of July, the outstanding amount of bank credit was at a standstill. It reached 1063 MDH once morest 1059 MDH in 2022, a slight increase of barely 0.4%, according to the latest statistics from Bank Al-Maghrib. This virtual stagnation hides disparities between the different categories of credit. Outstandings were weighed down in particular by the fall in that of treasury loans by 4.5% to 252 billion dirhams, that granted to real estate developers by 4.1% to 52.6 billion dirhams and the outstanding loans of a financial nature by 2.7% to 143 billion dirhams.

Conversely, outstanding equipment loans reversed their downward trend; observed over the past few months. Over the first seven months of the year, it posted a growth of 5.4% to stand at nearly 190 billion dirhams. This means that companies no longer need to bail out their cash as much as has been the case since the outbreak of the health crisis. They are more in the investment phase. For their part, real estate loans and consumer loans are struggling to recover, but still continue to resist with a slight improvement of 0.5% and 0.6% respectively, to be displayed at 242 and 57.8 billion DH respectively. While the outstanding amount of loans intended for buyers improved by 1.1% to 242 billion dirhams, that reserved for developers is increasingly in line with its decline, which reached 4%, to 52.8 billion dirhams. DH.

In addition, the outstanding balance of overdue loans increased by 5.3% to 93.6 billion dirhams. When it increased by 5.7% with private companies to 54.6 billion dirhams, it worsened by 4.4% with households, to stand at 38 billion. Taking into account the stabilization of bank credit, the loss ratio increased by 40 basis points to 8.8%.

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