Data released yesterday by the Central Bank revealed that bank deposits in banks outperformed loans granted at a value of 87.2 billion dirhams, at the end of last May, enhancing the sector's liquidity and increasing its ability to support the economy.
She pointed out that the cumulative balance of bank deposits reached, at the end of last May, one trillion and 865.5 billion dirhams, compared to a credit of one trillion and 778.3 billion dirhams.
The data showed an increase in total banking assets, during last May, by 10 billion dirhams, where (including bank acceptances) amounted to three trillion and 166 billion dirhams at the end of the month, a growth of 0.3% compared to the end of April, which recorded three trillion and 156 billion dirhams .
She pointed to the rise in total bank credit by 0.1%, from one trillion and 776 billion dirhams in April, to one trillion and 778.3 billion dirhams, at the end of last May.
During last May, total bank deposits decreased by 6.7 billion dirhams, due to a decrease of 7.5 billion dirhams in non-resident deposits, while resident deposits increased by 800 million dirhams.
The «Central» pointed to an increase in the money supply (N1) by 0.7% from 560 billion dirhams, at the end of last April, to 564.3 billion dirhams at the end of May this year.
(N1) includes cash circulating outside banks, in addition to cash deposits, current accounts and demand accounts with banks.
The money supply (N2) decreased by 0.9% from one trillion and 464.8 billion dirhams at the end of April 2020, to one trillion and 451.9 billion dirhams at the end of last May.
The money supply (N3) also decreased by 0.2% from one trillion and 751.5 billion dirhams at the end of last April, to one trillion and 747.8 billion dirhams at the end of last May.