Morocco- Bank Credit Up 2.2% in July 2016: Central Bank


(MENAFN- Morocco World News) Morocco's bank credit increased by 2.2% in July 2016, compared to 2% a year earlier, according to the Central Bank –Bank Al-Maghrib (BAM).

The rise is mainly due to the fastest pace of growth of investment loans from 3.2% to 4.4%, and to the slower fall of liquidity facilities from 0.5% to 0.1%, says Tuesday the Bank in a note on key indicators of monetary statistics for July 2016.

However, consumer credit has almost stabilized at 4.9% while the growth rate of real estate loans decreased from 2.1% to 1.7%

data-ad-client="ca-pub-9546318280945074" data-ad-slot="9241175969"> jQuery.ajax({ url: "http://www.moroccoworldnews.com/", data: { top_ten_id: 195587, top_ten_blog_id: 1, activate_counter: 11, top10_rnd: (new Date()).getTime() + "-" + Math.floor(Math.random() * 100000) } });


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.