4.3% increase in deposits at the end of October

Deposits with banks recorded, at the end of October 2022, an annual increase of 4.3% to stand at 1,083.9 billion dirhams (MMDH), according to the recent dashboard “credits and bank deposits”. of Bank Al-Maghrib (BAM).

Household deposits stood at 809.5 billion dirhams, an annual increase of 5% with 193.2 billion dirhams held by Moroccans residing abroad (MRE), specifies BAM, adding that deposits from private companies have, for their share increased by 10.8% to reach 177.9 billion dirhams.

Interest rates on 12-month term deposits increased by 2 basis points to 2.41%, while that of 6-month deposits fell by 3 basis points to 2.08%.

For savings accounts, their minimum rate of return was set at 1.24% for the second half of 2022, an increase of 19 basis points compared to the previous half.

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