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Bank credit increased by 3.6% at the end of May

Bank credit is rising relatively steadily. The financing of the economy by banking has, in fact, posted a growth of 3.6%, with an outstanding amount of 985.213 billion DH at the end of the first five months of this year, according to the latest figures published by Bank Al Maghrib , against 3.2% at the end of last April. It was driven up in particular by accounts receivable and cash loans, the pace of which increased to 11.6%. On the other hand, equipment loans were unable to shed their downward trend, ending the first five months of the year with a decline of 2.8%, indicating a poor form of investment.

For consumer loans, they gained relatively momentum, rapidly increasing by 3.3% at the end of last May. On the other hand, real estate loans took the opposite direction, slowing down to 2%. This was due in particular to a decline in loans to real estate developers (-0.8%) and a deceleration in housing loans (2.9%), including crowdfunding for housing, which accumulated 29.2% to more than 17.11 billion.




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