Funding increases by 38.8% in February

These financings are distributed in particular on real estate (16.78 billion dirhams), consumption (1.17 billion dirhams), equipment (1.77 billion dirhams) and cash (85 million dirhams), specifies BAM in a document on monetary statistics for February 2022.

At the same time, the commitments of the participating banks reached nearly 6.8 billion dirhams with the banks, mainly in the form of refinancing through the product of “Wakala bil Istithmar” and sight deposits received from the parent banks, said the same source.

Checking accounts and current accounts rose by 33.6% to 5.49 billion dirhams, while investment deposits rose to more than 1.58 billion dirhams.