Deposits with banks recorded, at the end of December 2022, an annual increase of 6.8% to stand at 1.134 billion dirhams.
This is what emerges from the recent Bank Al-Maghrib (BAM) “loans and bank deposits” dashboard. Household deposits thus stood at 829.8 billion dirhams, an annual increase of 6.3% with 198.5 billion dirhams held by Moroccans residing abroad (MRE). Deposits from private companies, for their part, increased by 8.6% to reach 189.3 billion dirhams at the end of December.
In addition, the interest rate on 6-month term deposits increased annually by 33 basis points, to 2.41%, and that of 12 months recorded an increase of 22 basis points to settle at 2. 63%. For savings accounts, their minimum interest rate was set at 1.51% for the first half of 2023, an increase of 19 basis points compared to the previous half.
