an annual increase of 4.2%

246.4 billion dirhams of savings deposits in the banking sector at the end of October

Savings deposits in the banking sector in the country, excluding deposits between banks, increased to 246.47 billion dirhams at the end of last October, an annual increase of about 9.93 billion dirhams, or 4.2%, compared to about 236.54 billion dirhams in October 2021, according to the latest statistics of the Central Bank. .

The statistics showed that savings deposits increased during the first 10 months of last year by 1.93%, compared to about 241.82 billion dirhams at the end of 2021, an increase equivalent to 4.66 billion dirhams, while they increased on a monthly basis by 0.88% compared to about 244.3 billion dirhams in September 2022.

The “Central” statistics indicated that demand deposits rose to 918.97 billion dirhams at the end of last October, with an annual growth of 14.7%, compared to 801.31 billion dirhams in October 2021, an increase equivalent to 117.7 billion dirhams.

Demand deposits increased during the first 10 months of last year by 8.4%, or the equivalent of 70.93 billion dirhams, compared to 848.04 billion dirhams at the end of 2021, while they decreased on a monthly basis by 0.54%, compared to 923.96 billion dirhams in September 2022.

According to the Central Bank's bulletin, time deposits reached 559.02 billion dirhams at the end of last October, an increase on an annual basis by 5.61%, compared to about 529.32 billion dirhams in October 2021, while it increased during the first 10 months of last year by about 4.8%, compared to 533.57 billion dirhams. At the end of 2021.

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