Consumer loans recorded during 2024 the highest level in 8 years

Personal loans for consumer purposes, last year, recorded 75 billion dirhams, which is its highest value during a year in more than 8 years, bringing its total balance by the end of last December to 502 billion dirhams, compared to 427 billion dirhams by the end of 2023, with an annual growth of 17.6%, according to data issued by the central bank.

The data reported that national banks appointed 1732 new employees over the past year, while their foreign counterparts reduced the number of employees with 854 employees.

According to the statistical bulletin issued by the “Central”, for the month of December, which indicated that the number of main employees in national banks increased by the end of last year to 32 thousand and 590 employees, compared to 30 thousand and 858 employees by the end of 2023, an increase of 1732 employees.

On the other hand, the number of foreign bank employees at the end of last year reached 6456 employees, compared to 7310 employees by the end of 2023, a decrease of 854 employees.

As a result, the total employees working in the banking sector by the end of last year reached 39 thousand and 46 employees, compared to 38 thousand and 168 employees.

The bulletin also indicated that the balance of the central bank of gold, as one of its assets, reached approximately 23 billion dirhams, compared to 18 billion by the end of 2023, an annual increase of 5 billion dirhams equivalent to 28%growth.

She explained that bank funds for the real estate and infrastructure sector decreased during the past year, bringing its total balance by the end of December to 261 billion dirhams, compared to 287 billion by the end of 2023, a decrease of 26 billion dirhams, and its 9%.

And the “Central”, that personal loans for commercial purposes amounted to 86 billion dirhams, compared to 88.7 billion dirhams at the end of 2023, with a decrease in a value of 2.7 billion dirhams, at a rate of 3%.

On the other hand, the deposits of individuals residing in the country, at the end of last year, recorded 743 billion dirhams, compared to 653 billion dirhams at the end of 2023, an annual increase of 90 billion dirhams, which constitutes a growth of 13.8%.

The savings deposits at the end of last year also amounted to 317.5 billion dirhams, compared to 272.8 billion by the end of 2023, an annual increase of 44.7 billion dirhams, equivalent to a growth of 16.3%.

The newsletter data showed that the total number of branches of national banks shrinks by the end of last year to 484 branches, compared to 489 branches at the end of 2023, which means the closure of 5 branches over the past 12 months of 2024. As for foreign banks operating in the country, the number of their branches at the end of the monitoring period reached 73 branches, compared to 72 branches at the end of 2023, with one branch increase during a year period.

. 1732 new employees appointed by national banks during the past year.