Data issued by the Central Bank yesterday showed that the banks operating in the country granted individuals 5.4 billion dirhams during the past October, where the balance of their cumulative financing by the end of the month reached 485.7 billion dirhams, compared to 480.3 billion dirhams at the end of September, with a monthly growth rate 1.1%.
Individual financing include: personal loans, auto financing, credit cards, housing construction, and other banking products for individual dealers.
Statistics showed that the total bank investments recorded a new record at the end of October, with a value of 727 billion dirhams, compared to 716.2 billion dirhams at the end of September 2024, with a monthly increase of 10.8 billion dirhams equivalent to a growth of 1.5%.
The total bank deposits, at the end of last October, reached two trillion and 804.4 billion dirhams, compared to trillion and 802.5 billion dirhams during the comparison period, with a monthly increase of 1.9 billion dirhams equivalent to 0.1%growth.
The allocations for the debt doubtful and suspended benefits continued to decline during last October, for the third month in a row, with a completion of 96.2 billion dirhams compared to 96.7 billion dirhams at the end of September, a decrease of 500 million dirhams, equivalent to 0.5%.
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