On the other hand, bank credit to the non-financial sector increased by 0.9%, with an increase of 2.9% in cash facilities, 0.3% in equipment loans, 0.2% real estate loans and 0.3% of consumer loans. On the other hand, net claims on central government fell by 1.8% and official reserve assets by 1.1%.
On a year-on-year basis, BAM points out that the money supply increased by 5.3% after 6.3% in March 2022. This development covers a deceleration in the growth of demand deposits with banks from 8.3% to 7.9%, an accentuation of the drop from 2.9% to 5.6% in term deposits, as well as an increase of 9.2% after 8.2% in fiduciary circulation, explains the same source.
On the other hand, the annual growth of official reserve assets slowed to 8.3% after 9% and that of net claims on central government to 16.5% after 20.8% in March 2022. Conversely, bank credit to the non-financial sector saw its growth accelerate to 3.2% after 2.8%, with an increase of 5.6% against 4.6% in loans to private companies, an accentuation of the fall in loans to public non-financial corporations from 15.9% to 16.6% and a virtual stagnation of loans to households at 3.4%.
The breakdown by economic purpose of loans allocated to the non-financial sector shows an increase in cash facilities of 9.4% after 7.3%, a deceleration from 2.6% to 2.3% in the growth of real estate loans and a virtual stagnation in the fall in equipment loans at 2.6% and the rise in consumer loans at 2.3%.
Finally, with regard to non-performing loans, their annual growth rate stood at 5.3% and their credit ratio reached 8.8%.