FINANCIAL MARKET HEADLINES
| MOROCCO | CRÉDIT DU MAROC | NIGS up 25% in Q1 2021
| MOROCCO | MUTANDIS | Consolidated revenue down 10% in Q1 2021
In Q1 2021, Mutandis’ consolidated revenue settled at MAD 300 Mn in comparison to MAD 333 Mn in Q1 2020, recording a decrease of 10% year-on-year.
ECONOMIC HEADLINES
| MOROCCO | BANKING LOANS | An increase of 3% in Q1 2021
At the end of March 2021, the net outstanding bank loans grew by 3.3% year-on-year to reach MAD 948.4 Bn.
Mortgage loans (MAD 285.2 Bn) and treasury loans (MAD 210.0 Bn) show respective increases of 2.6% and 8.1%. Meanwhile, equipment loans (MAD 179.4 Bn) and consumer loans (MAD 54.9 Bn) recorded respective decreases of -5.3% and -3.1%. Finally, non-profitable loans stood at MAD 80.5 Bn, i.e. an increase of 11.9%.
| MOROCCO | INDUSTRY | An increase of 0.7% in the price index of manufacturing industries in March 2021
In March 2021, the price index of the "Manufacturing industries excluding oil refining" rose by 0.7% from the previous month.
Meanwhile, the production price indices of the "Mining industries", "Production and distribution of water and electricity" remained stable during the same period.
| CEMAC | FOREIGN TRADE | Exports down 32% in 2020
According to the Bank of Central African States, exports of the CEMAC region fell by 31.9% during the year 2020. In 2021, these would show an increase of 23.5%.
Read more.
