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Moroccan incomes rise amid debt increase
The annual Financial Stability Report showed that the financial situation of Moroccan households improved in 2024. The total financial wealth reached 1,192 billion dirhams, with bank deposits increasing to 935 billion dirhams and investments in financial securities totaling 114 billion dirhams. Household debt also saw a significant rise, reaching 456 billion dirhams—approximately 27% of the GDP—mainly due to increased borrowing for housing and consumption, with the debt-to-income ratio remaining above 40%. Regarding non-financial enterprises, bank debt rose to 657 billion dirhams, while the ratio of non-performing loans held steady at 11.2%. The report also indicated an improvement in the financial structure of these enterprises, with the share of medium- and long-term financial debt decreasing to 43% of fixed assets in 2024. The average settlement period among enterprises shortened to 98 days, and there was continued stability in the type and quality of loans extended.
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