Here are eight key points from Bank Al-Maghrib’s (BAM) “bank loans-deposits” dashboard for the month of April 2022:
1. Outstanding bank credit stood at 980.7 billion dirhams (MMDH) for the first four months of 2022, an annual increase of 3.2%.
2. Outstanding bank credit to non-financial agents amounted to 854.3 billion dirhams and that to financial agents to 126.4 billion dirhams.
3. The 5.6% annual increase in loans to private non-financial enterprises (NFEs) covers increases of 10.2% in cash facilities and 2.2% in equipment loans, as well as a 2.7% drop in home loans.
4. Loans to households recorded an annual increase of 3.4%, mainly reflecting a 3.2% increase in housing loans.
5. Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow and stood at 16.9 billion dirhams, following 12.8 billion dirhams a year earlier.
6. Deposits with banks recorded, at the end of April 2022, an annual increase of 6.5% to 1,060.7 billion dirhams (MMDH).
7. Household deposits stood at 789.9 billion dirhams, an annual increase of 3.7% with 189.3 billion dirhams held by Moroccans residing abroad (MRE), while those of private companies increased by 11.5% to 164.7 billion dirhams.
8. At the end of April 2022, 12-month term deposit interest rates increased by 15 basis points to 2.62% and those at 6 months fell by 12 basis points to reach 2.04 %.
