104 billion dirhams, banks entered the benefits in 2024

The banks operating in the country gathered from the interest margin that they put on various financing, 104 billion dirhams, during the past year, recording the highest outcome in its history, compared to 97.8 billion dirhams during the year 2023, an increase of 6.2 billion dirhams, and an annual growth of 6.3%.

The financial safety indicators report, issued by the Central Bank yesterday, showed that the share of interest from the annual income growth of banks amounted to 69.8%.

Since 2020, the outcome of the benefits on financing has witnessed steady growth, with the support of increasing the main interest rates, expanding demand for financing and increasing the pace of economic activity.

According to the report, the value of liquid assets in the banking sector, at the end of last year, amounted to 817 billion dirhams, which constitutes 18% of the total assets of 4.5 trillion dirhams, compared to 744 billion dirhams at the end of 2023, an annual increase of 73 billion dirhams, and a growth of 9.8%.

The report indicated that the non -productive loans recorded the lowest value and average at the end of last year, as it reached the end of December 2024, worth 99.8 billion dirhams equivalent to 4.1% of the total loan portfolio of 2.4 trillion dirhams, compared to 116.3 billion dirhams at the end of 2023, an annual decrease of 16.5 billion dirhams equivalent to a negative change of 14%.

The decline in non -produced loans indicates quality and auditing in granting credit, and the absence of stumbling blocks that require gathering allocations, in a way that reflects positively on bank profits, as banks have a specific mechanism that measures the credit wall of the customer, and its ability to pay on regular dates through credit inquiries, and the application of the Central Bank standards, with regard to the burden of debt that should not exceed 50% of The salary or regular monthly income.

For years, the Central Bank has been adopting a strict policy regarding the classification of loans to ensure their monitoring, and to ensure the extent of the ability to pay it, and its decline is one of the most important financial safety indicators in the banking sector. The “Central” system determines five levels of loan classification, namely: regular loans, loans under surveillance, normal level loans, doubtful loans, as well as unproductive loans, which are troubled loans or loss loans.

• 817 billion dirhams liquid assets in the banking sector by the end of last year.