Deposits with banks stood at 1,127.5 billion dirhams (MMDH) at the end of March, recording an annual increase of 5.2%, according to Bank Al-Maghrib (BAM).
Household deposits stood at 835.5 billion dirhams, an annual increase of 6.5% with 201 billion dirhams held by Moroccans residing abroad (MRE), while deposits from private companies, for their part, increased by 10.9% to reach 190.7 billion dirhams at the end of March, according to BAM’s “loans and bank deposits” dashboard.
The interest rate on 6-month term deposits increased annually by 11 basis points to 2.49%.
For its part, the interest rate on 12-month deposits fell by 4 basis points to 2.58%.
Savings accounts, their minimum rate of remuneration was set at 1.51% for the first half of 2023, an increase of 19 basis points compared to the previous half.