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Bank Al-Maghrib urges prudence on 2025 bank profits
The Bank of Morocco's 2025 report highlights that the national economy recorded a growth rate of 4.9%, driven by investments in infrastructure, with inflation decreasing to 0.8%. The bank lowered the main interest rate to 2.25% in March 2025 and kept it unchanged thereafter, enhancing banks' ability to meet liquidity demands and facilitating the financing of very small enterprises. The report also pointed to a 6.5% increase in bank credit and a 7.6% rise in deposits, alongside a decline in non-performing loan ratios to 8.3% on a standalone basis and 8.8% at the consolidated level. The Bank of Morocco called for caution in distributing bank profits for 2025 to strengthen the sector's resilience, emphasizing the importance of managing financial risks related to climate change, cybersecurity, and digitalization. It also launched initiatives to promote digital financial services and improve customer protection. Additionally, the bank continues to work on framing the draft law on crypto-assets and reforming the bank crisis resolution system, highlighting its efforts to support small businesses and reduce social disparities.
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