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Bank Credit Increased By 6.5% – Morocco

Morocco’s central bank, Bank Al-Maghrib, in its latest announcement has said, that the bank credit increased by 6.5% in May 2020, with loans to the non-financial sector increasing by 6.4%.

The bank has states that this result is largely due to the 1.5% deceleration in the growth of loans granted to households as well as loans allocated to the public non-financial companies. And the rate of the increase in loans to the private non-financial firms maintained close to a stable rate, at 11.3% in May, compared to a month earlier.

The development in May had also reflected the acceleration from 9.6% to 11.4% in the increase of loans to private non-financial companies.

Loans to the public non-financial corporations represented an increase of 1.3% in May.

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