343.8 billion dirhams .. a new record level for individual loans within four years

Bank loans to individuals grew by 4.33% during the first nine months of this year by 14.3 billion dirhams to reach 343.8 billion dirhams at the end of last September, compared to 329.5 billion dirhams at the end of last year. .

According to data issued by the Central Bank, individual loans grew on a monthly basis by 0.9% in September, at 3.1 billion dirhams, from their level at 340.7 billion at the end of August.

According to the available data, individual loans have not exceeded the 339 billion barrier since the end of October 2018, when they reached 339.4 billion dirhams at the end of October of the year 2018, after which a series of consecutive monthly declines began, until it reached the stage of stability around the middle of the year 2019, and then took a new path. It has an oscillating nature.

But more than a year before that, i.e. more than 4 years ago, specifically in July 2017, the value of individual loans amounted to about 353.4 billion dirhams.

Banking indicators issued by the Central Bank showed that the total banking sector loans since the beginning of the year decreased by 0.1% to 1.776 trillion dirhams at the end of last September, while domestic credit grew by 0.3% to exceed 1.6 trillion dirhams.

Government loans from the beginning of the year to the end of September fell 2.7% to 245.2 billion dirhams, while public sector loans grew 1.3% to 222.8 billion dirhams at the end of September as well.

According to CBE data, private sector loans increased by 1% during the first nine months of this year to exceed 1.119 trillion dirhams, as a result of an increase in individual loans by 4.3% to 434.8 billion dirhams, despite the decline in business loans by 0.4% to 775.6 billion dirhams at the end of last September, compared to With 778.8 billion dirhams at the end of last year.

External credit declined during nine months by 4.3% to 174.4 billion dirhams at the end of September, compared to 182.3 billion dirhams at the end of last year.

With regard to deposits, the Central Bank’s data showed a growth from the beginning of this year until the end of September by 3.1% to 1.942 trillion dirhams, as residents’ deposits during this period grew 1% to 1.699 trillion dirhams, and non-residents’ deposits 20.2% to 243.2 billion dirhams.

According to banking indicators, banks’ investments grew by about 21.7% during the first nine months of this year to 554.8 billion dirhams, compared to 455.8 billion dirhams at the end of last year.

Banks’ investments in stocks have increased by about 50% since the beginning of this year to 13.8 billion dirhams, compared to 9.2 billion dirhams at the end of 2020, while banks’ investments in bonds held to maturity increased by more than 61% during the same period to 179.7 billion dirhams at the end of September, compared to 111.4 billion dirhams at the end of last year.

In this context, investments in debt securities increased by 8.5% in the first nine months of 2021 to 315.1 billion dirhams, compared to 290.5 billion dirhams at the end of 2020.

Provisions for the purpose and suspended interest during the first nine months of this year increased by 3.7% to 120.9 billion dirhams, while it decreased on a monthly basis by 1.7%.

Central data showed that the general allocations to banks decreased by 8.4% since the beginning of the year to 35.1 billion dirhams, compared to 38.3 billion dirhams at the end of last year, while it decreased by 2% on a monthly basis from its level at 35.8 billion dirhams at the end of last August.

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.