Bank credit increased by 3.2% at the end of April 2022

Bank credit to the non-financial sector increased, year-on-year, by 3.2% in April 2022, after 2.8% a month earlier, according to Bank Al-Maghrib (BAM).

This trend covers a 5.6% increase after 4.6% in loans to private companies, an accentuation of the decline in loans to public non-financial companies from 15.9% to 16.6% and a virtual stagnation in loans to households at 3.4%, explains BAM in its key indicators of monetary statistics for the month of April 2022.

The breakdown by economic purpose of loans allocated to the non-financial sector shows an increase in cash facilities of 9.4% after 7.3%, a deceleration from 2.6% to 2.3% in the growth of real estate loans and a virtual stagnation in the fall in equipment loans at 2.6% and the rise in consumer loans at 2.3%

With regard to non-performing loans, their annual growth rate stood at 5.3% and their credit ratio reached 8.8%, the same source said.

On a monthly basis, bank credit to the non-financial sector increased by 0.9% last April, with a 2.9% increase in cash facilities, 0.3% in equipment loans, 0.2% of home loans and 0.3% of consumer loans. On the other hand, net claims on the Central Administration fell by 1.8% and official reserve assets by 1.1%, notes the central bank.

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