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Bank deposits in Morocco rise by 5.3% in 2023

Deposits in Moroccan banks reached MAD 1.118 trillion ($115.1 billion) by the end of May 2023, a 5.3% year-on-year increase. According to a report from Morocco’s central bank, Bank Al-Maghrib (BAM), household deposits accounted for MAD 837.8 billion ($ 86,3 billion), a 5.9% rise. Moroccans residing abroad (MRE) contributed to this growth, with MAD 202.5 billion ($20 billion) held in deposits. 

Link: https://www.moroccoworldnews.com/2023/07/356519/bank-deposits-in-morocco-rise-by-5-3-in-2023

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