The solidity of Moroccan banks confirmed

In its annual financial stability report in 2023, Bank Al-Maghrib (BAM) highlights the solidity of banking institutions, the main source of financing for the Moroccan economy.

Despite the difficult economic context, the banking sector has shown solidity in terms of activities, profitability, liquidity and capital adequacy, notes the Central Bank in its report, noting however a deceleration of banking activity. “In 2023, the total approved assets of banks reached 1,789 billion dirhams, up 4.8% against 7.6% a year earlier, or 122% of GDP against 128% in 2022, under the effect of the deceleration, both in credits and bank deposits.”