Non-performing bank loans in Morocco recorded a notable upward trend by the end of August, rising by 3.7 percent year-on-year to reach 106.5 billion dirhams, according to the latest monetary statistics from Bank Al-Maghrib.
Official data indicates that these debts increased by 4.8 percent compared to the end of last December, pushing the non-performing loan ratio to 8.2 percent, up slightly from the 8.1 percent recorded in July.
These loans include amounts owed to banking institutions that are experiencing significant repayment delays or are at risk of total or partial default, imposing additional challenges on the banking system.
Despite this rise in defaults, the total volume of bank loans for both individuals and businesses continued to grow, posting an 11.3 percent increase over the year to settle at 1,292.3 billion dirhams. Total loans also grew by 2.7 percent compared to December levels.
The data reveals significant growth in specific sectors, led by equipment loans, which saw a 30.3 percent jump to 348.4 billion dirhams. Meanwhile, real estate loans grew by 3.9 percent to 330.3 billion dirhams, driven by real estate developers and housing loans.
Consumer loans also rose by 5 percent to 63.8 billion dirhams, while overdrafts and treasury loans increased by 9.2 percent to 260.2 billion dirhams.
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