Financial transfers in the banking sector exceed 20 trillion dirhams

Financial transfers in the banking sector, which took place through the Central Bank system, recorded their highest level during the first 10 months of this year, amounting to 20 trillion and 45 billion dirhams, which included 12.049 trillion dirhams in transfers between banks, and 7.996 trillion dirhams between customers.

The significant increase in the value of financial transfers in the banking sector reflects economic activity, confidence in the banking system and financial infrastructure, flexibility among banking operations, an increase in daily financial transactions between companies and individuals, and the expansion of commercial activities.

Data issued by the Central Bank yesterday showed that the total value of checks cleared through the Central Bank system amounted to 1.2 trillion dirhams for 19 million cheques, while withdrawals from the Central Bank during the first 10 months of the current year amounted to 201 billion dirhams, offset by deposits worth 187 billion dirhams.

Banks operating in the country provided financing to individuals worth 9.5 billion dirhams during last October alone, bringing their cumulative balance of financing by the end of the month to 557.2 billion dirhams, compared to 547.7 billion dirhams at the end of the previous September, with a monthly growth of 1.7%.

Individual financing includes personal loans, credit cards, car financing, and building a private residence.

According to the data, the total bank financing for the private sector, at the end of last October, recorded one trillion and 477.3 billion dirhams, compared to one trillion and 469.9 billion dirhams at the end of the previous September, with a monthly increase of 7.4 billion dirhams, equivalent to a growth of 0.5%.

The Central Bank explained in its statistics that the total investments of banks increased by the end of the monitoring month to reach 835.1 billion dirhams, compared to 828.9 billion dirhams at the end of the previous September, a monthly increase of 6.2 billion dirhams, representing a monthly growth of 0.7%.

Bank investments include debt securities, stocks, bonds held until maturity, and other investments.

In a related context, capital and reserves in the banking sector increased to reach 578.1 billion dirhams at the end of last October, compared to 562.8 billion dirhams at the end of the previous September, a monthly increase of 15.3 billion dirhams, equivalent to a growth of 1.4%.

The special allocations for doubtful debts stabilized, at the end of last October, at 79.5 billion dirhams, the same level they were at the end of September 2025, while the general allocations on the total loan portfolio for all banks increased, at the end of October, to 38 billion dirhams, compared to 37.9 billion dirhams, at the end of last September, an increase of 100 million dirhams, equivalent to a growth of 0.3% over a period of one month.

. 9.5 billion dirhams in financing provided by banks to individuals during October.

. Special provisions for doubtful debts stood at 79.5 billion dirhams at the end of October.