Bank Al-Maghrib (BAM) published a recent “bank loans and deposits” dashboard for April 2022. It shows that an increase of 6.5% for deposits with banks and 3.2% of outstanding bank credit.
Thus, specifies the Central Bank, deposits with banks recorded, at the end of April 2022, an annual increase of 6.5% to stand at 1,060.7 billion dirhams (MMDH).
Household deposits stood at 789.9 billion dirhams, an annual increase of 3.7% with 189.3 billion dirhams held by Moroccans residing abroad (MRE), while those of private companies increased from 11.5% to 164.7 billion dirhams.
At the end of April 2022, the interest rates on 12-month term deposits increased by 15 basis points to 2.62% and those at 6 months fell by 12 basis points to reach 2 .04%.
For savings accounts, their minimum rate of return was set at 1.05% for the first half of 2022, an increase of 2 basis points compared to the previous half.
Outstandings at more than 980 billion dirhams at the end of April
Outstanding bank credit stood at 980.7 billion dirhams (MMDH) for the first four months of 2022, an annual increase of 3.2%.
In detail, outstanding bank credit to non-financial agents amounted to 854.3 billion dirhams and that to financial agents to 126.4 billion dirhams, notes BAM, which specifies that the annual increase of 5.6% of loans to private non-financial enterprises (NFEs) covers increases of 10.2% in cash facilities and 2.2% in equipment loans, as well as a 2.7% drop in real estate loans.
Furthermore, said scoreboard indicates that the BAM business survey indicates that access to financing, in Q1-2022, was considered normal by 91% of industrial companies and difficult by 9%, with a cost of sluggish credit.
According to the available results of the survey on credit conditions for Q1-2022, the criteria would have been relaxed for cash loans, kept unchanged for those for equipment and tightened for development loans. real estate.
By size, the criteria would have been kept unchanged for both very small, small and medium-sized enterprises (TPME) and for large enterprises (GE). As for demand, it would have experienced a drop both for VSMEs and for GEs and for all credit items. In Q1-2022, the rates applied to new loans fell to 4.02%.
By company size, they stood at 3.65% for LEs and 4.85% for VSMEs. With regard to loans to households, they recorded an annual increase of 3.4%, essentially reflecting a 3.2% increase in housing loans.
Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow and stood at 16.9 billion dirhams, after 12.8 billion dirhams a year earlier. In Q1-2022, banks declare criteria unchanged for both housing loans and consumer loans. For demand, it would have increased for consumer loans and decreased for those for housing. As for the rates applied to new loans to households, they stand, in Q1-2022, at 5.2% with 4.21% for housing loans and 6.50% for consumer loans.