Bank Al-Maghrib (BAM) reported that financing granted by participating banks increased, year-on-year, by 37.1% to nearly 20 billion dirhams (MMDH) last March.
In a document on monetary statistics for the month of March 2022, the Central Bank specifies that this financing is distributed in particular on real estate (17.15 billion dirhams), consumption (1.17 billion dirhams), equipment (1.91 MMDH) and cash (85 million dirhams).
At the same time, notes BAM, the commitments of the participating banks reached approximately 7 billion dirhams with the banks and this, mainly in the form of refinancing through the product of “Wakala bil Istithmar” and sight deposits received from the parent banks.
Checking accounts and current accounts, meanwhile, climbed by 31.8% to more than 5.6 billion dirhams, while investment deposits stood at 1.64 billion dirhams.
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