Sunday , January 17 2021

Morocco: 4.3% increase in bank loan in October (BAM)

According to Al-Maghrib Bank (BAM), bank loans increased by 4.3% from 5.2%, and loans to the non-financial sector by 4.9% from 5.3%.

This change reflects a slowdown in the growth of both loans to private non-financial corporations from 7.6% to 6.9% and loans to households from 2.5% to 2.3%, explains BAM in the note on key indicators of monetary statistics for October 2020

As for loans to public non-financial corporations, their growth rate remained stable at 4% compared to the previous month, the same source indicates, adding that the breakdown by economic object of loans allocated to the non-financial sector shows an increase in equipment loans by 1. 4% and liquidity facilities by 10.8%.

In the case of mortgage loans, they increased by 1.8%, and consumer loans decreased from 2.1% to 2.9%.

On a monthly basis, bank loans decreased by 0.9%, covering a decline in equipment loans by 0.2%, consumer loans by 0.4% and liquidity loans by 1.00%. 1%, as well as an increase in mortgage loans by 0.4%.

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