Bank credit showed year-on-year growth of 5.2% in November, after 4.3% the previous month, with an increase in loans to the non-financial sector of 4,7%, according to Bank Al-Maghrib (Central bank-BAM).
This change reflects the deceleration in the growth of loans to private non-financial corporations from 6.9% to 6%, the acceleration in the growth of loans to households from 2.3% to 2.7% and that to non-financial public corporations at 4.4% after 4%, explained the BAM in its note on its key indicators of monetary statistics for November 2020.
The breakdown by economic object of loans allocated to the non-financial sector shows a deceleration in the growth of liquidity facilities from 10.8% to 9%, a deepening of the fall in consumer loans from 2.9% to 3, 3%, an acceleration in the growth of real estate loans from 1.8% to 2.1% and a near stagnation in the growth of equipment loans to 1.5%.
With regard to overdue debts, their annual growth rate accelerated to 14.7% in November from 14.3% in October. Under these conditions, the rate of overdue debts stabilized at 8.5%.
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