At the end of November 2024, bank deposits in Morocco amounted to 1,225.1 billion dirhams (billion dirhams), marking an annual increase of 7.3%, according to the “Credits – Bank deposits” dashboard of Bank Al-Maghrib (BAM).
Household deposits reached MAD 905 billion, recording an increase of 6.3% over one year. Among these deposits, 208.6 billion dirhams are held by Moroccans living abroad (MRE). Furthermore, private non-financial companies saw their deposits increase significantly, with an annual increase of 12.9%, reaching MAD 217.3 billion.
Read also｜Bank Credits-Deposits: Positive dynamics in November 2024
In terms of remuneration rates, those of term deposits recorded monthly declines. At the end of November, the rates for 6-month deposits stood at 2.35% (-33 basis points) and 2.74% for 12-month deposits (-15 basis points). The minimum rate of return on savings accounts, for its part, was set at 2.21% for the first half of 2025, down 27 basis points compared to the previous half-year.
These developments demonstrate the solidity of the Moroccan banking sector, while reflecting an adjustment in the returns offered to savers.
Morocco
