Bank loans: 3% increase in the overall outstanding amount of allocated loans at the end of February 2022

Kiosk360. According to Bank Al-Maghrib, the overall outstanding balance of bank loans allocated at the end of February 2022 is up by 3.3%. This article is a press review of the newspaper Today Le Maroc.

Bank credit to the non-financial sector stabilizes in the second month of the year, reports Today Morocco in its delivery of the day. The daily thus indicates that there was an increase of 3.3% during the month of February 2022. “A development which covers, according to the central bank, an acceleration from 3.6% to 3.8% in February 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 growth of loans to households from 4.5% to 3.7%”, Explain Today Morocco.

It should be noted that 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%, a stagnation in the growth of consumer loans at 2.5%, as well as a drop in equipment loans at 3.3%.

It should be noted that the overall outstanding amount of loans allocated at the end of February amounted to 962.89 billion dirhams, a consolidation of 30.66 billion dirhams compared to the same period of the previous year (+3.3% ). It should be noted that 291.32 billion dirhams of this outstanding amount were granted in the form of real estate loans, marking an additional 7.78 billion dirhams compared to a year earlier.

“In this regard, housing loans amounted to 233.73 billion dirhams, up 4.3% year-on-year. Loans to real estate developers widened by 1.5 billion dirhams, thus returning to 53.52 billion dirhams, ie a drop of 2.7% compared to the same period last year. Loans for equipment have also fallen,” we also learn.

We also note in parallel that consumer loans were consolidated by 1.36 billion dirhams reaching in the second month of the year an outstanding amount of 55.92 billion dirhams. Outstanding debts for their part recorded an increase of 5.4% after 3.4% in January. “They amounted to 85.85 billion dirhams for the second month of the year. Miscellaneous receivables from customers stood at around 133.51 billion dirhams, up 6.6%. By institutional sector, loans granted to the non-financial sector reached an outstanding amount of 842.76 billion dirhams, of which 70.4 billion dirhams were allocated to the public sector, including 25.33 billion dirhams for local administrations and 45. 06 billion dirhams for public non-financial companies”, details Bank Al-Maghrib.

With regard to the private sector, the contracted outstanding amount is around 772.35 billion dirhams, including 403.52 billion dirhams addressed to private non-financial companies and 368.83 billion dirhams to households. For its part, crowdfunding posted an outstanding amount of 19.94 billion dirhams at the end of February, thus marking an increase of around 38.8% compared to the same period of the previous year. “Crowdfunding for real estate has in this sense reached 16.77 billion dirhams, up 35.6% at a time when crowdfunding for consumption is around 1.2 billion dirhams, up 14 .7%”, specifies Today Morocco.

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