BAM pumps over MAD 80 billion by end of week

Bank Al-Maghrib (BAM) said that it pumped MAD 80.5 billion by the end of last week, according to its weekly financial note.

This total included MAD 39.3 billion in the form of 7-day advances based on a request for proposals, MAD 21.2 billion in the form of repurchase operations, and MAD 20 billion in the form of supporting the financing of micro, small and medium-sized enterprises.

On the banking market, BAM said that the average daily trading volume was set at MAD 4.5 billion, while the banking average during this period was fixed at 1.50%.

During the call for proposals on April 27 (due date of April 28), BAM pumped MAD 49 billion in the form of 7-day advances.