FINANCIAL MERKET HEADLINES
| MOROCCO | ADDOHA | NIGS up 23% in H1 2022
| MOROCCO | ALLIANCES | NIGS up 79% in H1 2022
| MOROCCO | RDS | A loss of MAD -17 Mn in H1 2022
| MOROCCO | JET CONTRACTORS | A profit of MAD 11 Mn in H1 2022
| MOROCCO | EQDOM | NIGS more than doubled in H1 2022
| MOROCCO | TIMAR | NIGS up 89% in H1 2022
| MOROCCO | PROMOPHARM | Net income up 11% in H1 2022
| MOROCCO | S2M | A profit of MAD 6 Mn in H1 2022
ECONOMIC HEADLINES
| MOROCCO | GDP | A growth rate of 2.0% in Q2 2022
According to HCP, the growth rate of the Moroccan economy stands at 2.0% at the end of Q2 2022 against 14.2% during the same period of the previous year. This results from the increase in non-crop activities by 4.2% and decrease in crop activities by 15.5%.
| MOROCCO | BANKING LOANS | An increase of 5% at the end of August 2022
At the end of August 2022, the net outstanding bank loans increased by 5.1% year-on-year to reach MAD 1,014.8 Bn.
Mortgage loans (MAD 296.7 Bn), treasury loans (MAD 256.0 Bn) and consumer loans (MAD 57.4 Bn ) show respective increases of 2.4%, 14.6% and 3.2%. Meanwhile, equipment loans recorded a decrease of 1.2% to MAD 173.6 Bn. Finally, non-performing loans stood at MAD 88.5 Bn, up 5.3%.
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