Bank financing for economic activities for residents increases 21 billion dirhams within 3 months

The Central Bank stated that bank financing operating in the country for the various economic activities of residents recorded a significant increase of 21 billion dirhams, in just three months, as it rose to 1.869.7 trillion dirhams, at the end of last March, for the time in its history, compared to 1.848.7 trillion dirhams at the end of last December, in a sign of the strength of the economy and the growing economic, commercial and investment activities in the country, and increasing the demand of banks on Financing various economic activities.

Consumer personal loans recorded the largest increase in their financing, as it witnessed an increase of 18.3 billion dirhams within three months.

The latest statistics issued by the Central Bank showed that bank financing for economic activities included 12 major activities, and that the high financing included seven major activities: agriculture, industry, trade, transportation and storage, communications, financial institutions and consumer personal loans, personal loans for business purposes, while the decrease included funds for five activities: mining, electricity, gas and water, and water, Real estate, construction, construction, government activities, and the rest of the other activities.

According to statistics, bank funds for financial institutions witnessed a remarkable increase, as they rose to 202.9 billion dirhams, at the end of last March, compared to 194 billion dirhams in December 2024, an increase of 8.9 billion dirhams.

Transport, storage and communication funds exceeded 112 billion dirhams at the end of last March, compared to 110.1 billion dirhams at the end of December 2024, an increase of 1.9 billion dirhams.

The bank’s funding for trade, including wholesale and retail trade, increased to 172.6 billion dirhams, at the end of last March, compared to 169.3 billion dirhams at the end of December 2024, an increase of 3.3 billion dirhams.

In turn, the value of personal loans for consumer purposes jumped to 520.6 billion dirhams compared to 502.3 billion dirhams, an increase of 18.3 billion dirhams. The value of personal loans for business purposes increased to 86.4 billion dirhams, compared to 86 billion dirhams, an increase of 400 million dirhams during the same period.

At the same time, industrial activities financing increased to 95.6 billion dirhams at the end of last March, compared to 93.3 billion dirhams last December, an increase of 2.3 billion dirhams.

The financing of all industrial activities for the first time witnessed an increase, namely foods, drinks, textiles, other leather products, furniture and other wooden products, paper, products, chemicals, chemical products, petrochemical, petroleum and basic metal products, foremost of which are aluminum, manufactured metal products, equipment, equipment, and other manufacturers.

The financing of the agricultural sector increased to 1.67 billion dirhams, compared to 1.6 billion dirhams during the same period.

Bank financing for construction and real estate activity decreased from 260.9 billion dirhams to 259.7 billion dirhams, a decrease of 1.2 billion dirhams, and bank funds for electricity, gas and water activity decreased from 50.3 billion dirhams to 48.8 billion dirhams, a decrease of 1.5 billion dirhams, on its part, bank funds for government activities decreased from 188.8 billion dirhams to 183.5 billion AED, a decrease of 5.3 billion dirhams during the comparison period, and bank financing for mining and quarry activity decreased from 19.5 billion dirhams to 18.5 billion dirhams, a decrease of one billion dirhams, and the financing of “other economic activities” declined from 172.5 billion dirhams, to 167.4 billion dirhams, a decrease of 5.1 billion dirhams.