The Central Bank of Morocco revealed an increase in the annual growth rate of bank loans directed to the non-financial sector, on an annual basis, from 3.9 percent to 4.6 percent during the month of July 2022. According to Bank Al-Maghrib, this development was marked by an increase in loans granted to families by 3.6 percent after 3.3 percent, and loans granted to private non-financial companies by 7.3 percent after 6.3 percent.
According to Bank Al-Maghrib, this development was marked by an increase in loans granted to families by 3.6 percent after 3.3 percent, loans granted to private non-financial companies by 7.3 percent after 6.3 percent, and a slowdown in the decline in equipment loans by 2.1 percent after 2.5 percent, in addition to a slowdown in the growth of consumption loans from 3.2 to 2.8 percent. With regard to non-performing debts, their annual growth rate moved from 4.8 percent in June to 6.4 percent in July, with a rate of 8.8 percent.
Bank loans directed to the non-financial sector increased by 0.6 percent, with an increase in treasury facilities by 1.4 percent, and in equipment and consumer loans by 0.1 percent, and a decrease of 0.4 percent for real estate loans.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
