FINANCIAL MARKET HEADLINES
| MOROCCO | DARI COUSPATE | Net income down 22% in H1 2023
| MOROCCO | MAGHREBAIL | Net income up 11% in H1 2023
| MOROCCO | CTM | NIGS up 156% in H1 2023
ECONOMIC HEADLINES
| MOROCCO | GDP | A growth rate of 2.3% in Q2 2023
According to the HCP, the growth rate of the Moroccan economy stood at 2.3% in Q2 2023. This results from the 2.1% increase in non-crop activity and 6.3% of crop activity during the same period.
| MOROCCO | BANKING LOANS | An increase of 4.6% in August 2023
In August 2023, the net outstanding of bank loans amounted to MAD 1,061.5 Bn, down 0.2% compared to July 2023 and up 4.6% y-o-y. Mortgage loans (MAD 301.8 Bn), equipment loans (MAD 189.5 Bn) and consumer loans (MAD 58.0 Bn) show respective increases of 1.7%, 9.3% and 1.0% while treasury loans (MAD 245.2 Bn) recorded a decline of 4.5% compared to the same period of last year. Finally, non-performing loans stood at MAD 94.0 Bn, up 6.2%.
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