BAM: April monetary statistics in 5 key points

Here are five key points from the monetary statistics for the month of April 2021, made public on Friday by Bank Al-Maghrib (BAM):

1- The annual growth rate of the monetary aggregate M3, which represents the money supply, stood at 7.5% in April against 7.6% a month earlier;

2- On a monthly basis, the M3 aggregate recorded an increase of 0.5% to stand at MAD 1,494.2 billion;

3- Bank credit to the non-financial sector grew year-on-year by 2.9% after 3.2% in March 2021;

4- Loans to private non-financial corporations increased by 2.1% in April after 3.1% last March, and loans to households grew by 4.9% against 4.2%;

5- The annual growth rate of bad debts stood at 11.8% after 12.9% in March. Under these conditions, the rate of bad debts stood at 8.6%.


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