Total Asset Balance Reaches 4.336 Trillion by End of May
Investments Increase by 17.5% Amounting to 109 Billion Dirhams
Credit Volume Grows by 11.6% with 203 Billion Dirhams Added
Private Sector Accounts for 61% of National Bank Credit
National banks have added over half a trillion dirhams to their asset base in the past year, reflecting a year-on-year growth rate of 14%. This has resulted in a total asset balance rising from 3.797 trillion dirhams in May 2024 to 4.336 trillion by the end of May this year, with a 7.5% growth observed over the first five months of 2025.
Recent data from the central bank indicates that national banks increased their investments during this period by 109 billion dirhams, achieving a year-on-year growth of 17.5%, soaring from 624.5 billion dirhams at the end of May 2024 to over 733.5 billion dirhams by the end of May last month.
During the same period, banks raised the credit they extended by more than 203 billion dirhams, marking an 11.6% year-on-year increase. This has elevated the total credit balance from 1.908 trillion dirhams at the end of May 2024 to over 2.111 trillion by the end of May this year, with credit volume growing by 5.5% in the first five months of 2025.
The private sector received the largest share of national bank credit, comprising approximately 61% of the total credit extended, amounting to over 1.286 trillion dirhams. This was followed by credit to non-residents at about 360 billion dirhams, the public sector at 261 billion dirhams, and government credit at 191 billion dirhams. Additionally, non-bank institutions received 14.5 billion dirhams in credit from national banks by the end of May this year.
On a related note, national banks have enhanced their attractiveness for deposits, with banking deposits experiencing a year-on-year growth of 12.8%, providing an additional 305 billion dirhams. This has brought the total deposit balance from 2.375 trillion dirhams in May last year to 2.677 trillion dirhams, with a 6.4% increase noted in the first five months of 2025.
At the end of May, resident deposits constituted 90% of the total deposits at national banks, amounting to a total of 2.458 trillion dirhams, while non-resident deposits made up 10% with a total balance of 284 billion dirhams.