HomeEconomyBank credit stabilizes at 3.3% in February 2022

Bank credit stabilizes at 3.3% in February 2022

Bank credit to the non-financial sector saw its growth stabilize, year-on-year, at 3.3% during the month of February 2022, according to Bank Al-Maghrib (BAM).

This trend covers an acceleration from 3.6% to 3.8% in February of loans to private companies, an attenuation of the decline in loans to public non-financial companies from 8.4% to 5.4% and a deceleration in the increase in household loans from 4.5% to 3.7%, explains BAM, which has just published its key indicators of monetary statistics for the month of February 2022.

The breakdown by economic purpose of loans allocated to the non-financial sector shows an increase in cash facilities of 7.6% after 7.1% and real estate loans of 2.7% after 3.2%, stagnation growth in consumer loans to 2.5%, as well as a decline in equipment loans to 3.3%.

With regard to outstanding debts (CES), they increased by 5.4% after 3.4% in January, notes BAM, noting that under these conditions the rate of outstanding debts stood at 8.9%. .

On a monthly basis, bank credit to the non-financial sector recorded a slight increase of 0.1%.

This trend covers a 0.4% increase in consumer loans and a 0.2% increase in cash facilities, a virtual stagnation in the outstanding balance of equipment loans as well as a decline of 0.2% real estate loans.




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