Bank credit to the non-financial sector (NFS) recorded an annual increase of 5.3% in April 2023, after growing 5.7% a month earlier, according to Bank Al-Maghrib (BAM).
This slowdown in the evolution of loans to the non-financial sector reflects the slowdown in the growth of loans to private companies from 4.8% to 3.9% and the maintenance of the increase in loans to households around 3.5%, specifies BAM in its recent bulletin on monetary statistics.
By economic purpose, the trend in bank credit to the SNF covers the deceleration to 7.3% of cash facilities, with the slowdown in the growth of loans to private companies to 1.7%, the virtual stagnation in the growth of real estate loans at 2.1% as well as that of consumer loans at 2.6% and the acceleration in the growth of equipment loans by 5.4%.
With regard to non-performing loans (CES), their growth rate rose from 5% in March to 6.9% in April. Under these conditions, the CES rate stood at 8.9% in April.