According to the indicators communicated regularly by Bank Al Maghrib on the activity of windows and participatory banks, a keen interest is noted with a sufficiently growing demand on the part of all Moroccans who believed in this new finance.
Two years have passed after 2018, the first full year of business that has been of paramount importance for crowdfunding banks. And the The encouraging results of recent years also strengthen and consolidate the strategies of participatory banks, which have invested significantly to serve their customers throughout the kingdom and develop innovative products and services.
Speaking of promising results, BAM reveals in its latest indicators of banks and participatory windows at the end of February 2021, that the number of branches rose from 154 in December 2020 to 156 last February, i.e. the opening of a branch. per month.
Regarding current accounts, BAM emphasizes that they have increased, ranging from 116,203 accounts opened in December 2020 to 122,015 accounts in February 2021, i.e. monthly variations and 2.6% and 30.4% per year, respectively.
As for sight deposits, they also experienced an increase, according to the central bank, since they were at just over 3.8 billion dirhams and reached a little over 3.99 billion in last February, that is to say monthly and annual variations of 4.5% and 48.8% respectively.
For investment deposits, BAM notes a contribution last December to the tune of 950 million dirhams, adding that they climbed two months later to exceed 1.13 billion dirhams, an annual increase of 121%.
As for crowdfunding by Mourabaha, the same source points out that they are on the rise, going from more than 13.48 billion dirhams in December 2020 to more than 14.32 billion in February, i.e. respective monthly and annual variations of 3.4% and 47.7%.
Among these financings, there is the real estate Murabaha which takes the lion’s share with more than 12.84 billion in February 2021, followed by the automotive Murabaha with 1.17 billion and the equipment Murabaha with a little more than 300 million dirhams.