Bank credit to the non-financial sector in Morocco increased, year-on-year, by 3.4% in December 2021, after 4% a month earlier, according to Bank Al-Maghrib (BAM).
This rise reflects the progression of 4.6% after 5% of the loans to households and 4.4% after 4% of the loans to private companies, explained BAM which has published its key indicators of monetary statistics for December 2021.
The breakdown by economic object of credits allocated to the non-financial sector shows an increase of 2.7% after 2.3% of consumer loans, 2.7% after 2.8% of real estate loans, an accentuation of the decline of equipment loans to 4.4% after 1.5% and a stagnation of the progression of cash facilities to 9.6%.
Regarding outstanding loans, their annual growth rate was 4% in December after 5.8% in November, noted BAM, adding that in these conditions, the rate of outstanding loans was 8.4%.
On a month-on-month basis, bank credit to the non-financial sector fell by 0.2%, although loans to the private sector rose by 0.6%.
The monthly change in credit to the non-financial sector includes a 4% decrease in equipment loans and a 0.2% decrease in consumer loans, as well as a 1.3% increase in liquidity facilities and a 0.9% rise in real estate loans, BAM said
