In its 2019 Annual Report on Banking Supervision, Bank Al-Maghrib (BAM) noted that household indebtedness continues to grow, reaching 358.6 billion DH in 2019, up 5.1% year-on-year, a little less than the 5.7% recorded a year earlier.
Bank loans to private companies recorded a 5.2% increase in the first half of 2020, according to Bank Al-Maghrib (BAM) .
The Directorate of Banking Supervision of Bank Al-Maghrib (BAM) has reviewed the actions taken in 2019, in particular the complaints concerning the closing of accounts. It appears that 596 complaints from customers of credit institutions in 2019 were processed, compared to 800 complaints the previous year.
The number of bank accounts held by individuals increased by 5%, or 28 million, in 2019, compared to 4.7% in 2018. These are data published by Bank Al-Maghrib (BAM) in its annual report on banking supervision for the year 2019.
According to Bank Al-Maghrib (BAM) , the number of bank accounts increased by 5% to over 28 million during the past year, compared to 4.7% in 2018.
Analyzing the recent developments observed on the international and national scenes, Mohammed Benchaâboun, Minister of Economy, Finance and Administration Reform, identified the three shocks that the Moroccan economy will not be able to escape.
Bank Al-Maghrib (BAM) indicates that from July 9 to 15, the dirham depreciated by 0.56% against the euro, while against the dollar, the Moroccan currency gained 0.81%.
The dirham appreciated by 1.78% against the US dollar and 1.40% against the euro in June 2020, according to [Bank Al Maghrib (BAM)>word853]
The Moroccan currency remained almost stable against the euro and appreciated by 0.76% against the dollar, during the period from July 2 to 8, according to Bank Al-Maghrib (BAM).
The dirham depreciated by 0.14% against the euro and appreciated by 0.40% against the dollar, during the period from June 18 to 24.
The Moroccan dirham appreciated by 0.79% against the euro and depreciated by 0.36% against the dollar during the period from June 11 to 17, according to Bank Al-Maghrib (BAM) .
The deterioration of the budgetary situation at the end of the first five months of 2020 has resulted in an increase in the overall public debt. The debt-to-GDP ratio should climb to 91.7% in 2020 against 80.5% in 2019.