The real estate assets held by Moroccan banks are a concern for the central bank. In this regard, Bank Al-Maghrib has invited banks to reduce their balance sheet.
Faced with the increase in debt payments, Moroccan banks have reduced their exposure to real estate development in recent years, especially with regard to individual entrepreneurs. The outstanding loans to this customer segment have fallen from 20 billion DH in 2014 to 6 billion DH at the end of 2019.
The dirham appreciated by 0.87% against the dollar and depreciated by 0.51% against the euro, during the period from August 13 to 19, 2020, according to Bank Al-Maghrib (BAM).
Bank Al Maghrib sets new rules to protect the banking sector from bankruptcy, especially in terms of real estate loans. It calls for vigilance in order to secure assets.
New measures for granting housing loans in Morocco soon. Bank Al Maghrib is acquiring a new instrument that allows to avoid bankruptcy in this exposed sector.
The dirham remained almost stable against the euro and appreciated by 0.83% against the dollar, during the period from July 30 to August 5, according to Bank Al-Maghrib (BAM).
The flow of direct investments by Moroccans abroad (IDME) increased in 2019, according to data published by Bank-Al-Maghrib (BAM).
The financial assets of Moroccan households increased by 5.3% to reach 833 billion DH at the end of 2019. It experienced a slowdown of 4.5%, a year earlier against 6.5% in 2017, according to the annual report on financial stability 2019.
The number of check payment incidents is up 2.2%, or 470,515 incidents in 2019. The total cost of these incidents is estimated at 13.8 billion dirhams, according to Bank Al-Maghrib (BAM).
In its annual report on the economic, monetary and financial situation for the 2019 fiscal year, Bank Al-Maghrib (BAM) indicated that as of July 24, 2020, Morocco’s Official Reserve Assets (ORA) stood at 293 billion dirhams (MMDH), down 0.6% from the previous week and up 25.2% year-on-year.
According to the indicators published by Bank-Al-Maghrib (BAM) during the period from July 23 to 29, the dirham depreciated by 0.41% against the euro and appreciated by 1.02% against the dollar.
The dirham recorded a 2.4% decline against the US dollar in 2019, according to Bank Al-Maghrib (BAM). It also mentions a bullish market effect of 0.8% and a downward basket effect of 3.2%, following a 5.2% depreciation of the euro against the dollar.