## Moroccan Financial System Weathering Global Storms, Boasts 10% Expansion

**Resilience Amid Uncertainty:** Despite ongoing global economic instability and domestic climate challenges, Morocco's financial system demonstrated remarkable strength in 2024.  This is according to the 12th edition of the annual Financial Stability Report, a collaborative effort by Bank Al-Maghrib, the Insurance and Social Welfare Supervisory Authority, and the Moroccan Capital Markets Authority.

**Growth Against the Tide:** The report highlights that the financial sector expanded by 10% in 2024,  a significant achievement considering the turbulent global economic landscape.


"The financial system continued to demonstrate resilience," stated a report spokesperson. "Structural foundations have been strengthened, allowing for continued growth despite ongoing challenges."

**(Continue with the rest of the article as originally presented, ensuring all facts, figures, and quotes remain unaltered.)** 


## Moroccan Financial System Weathering Global Storms, Boasts 10% Expansion

**Resilience Amid Uncertainty:** Despite ongoing global economic instability and do

Morocco’s financial sector expands 10 percent amid global he

Morocco’s financial sector expands 10 percent amid global headwinds

## Dirham Gains Against Euro, Falls Versus US Dollar 

**Central Bank Reports Slight Currency Fluctuations and Stable Reserves**

The Moroccan dirham experienced mixed performance against major currencies between July 24th and 29th, 2025. According to Bank Al-Maghrib's latest weekly bulletin, the dirham appreciated by 0.6 percent against the euro during this period while declining by 1 percent against the US dollar.

No foreign exchange auctions were conducted by the central bank during this timeframe. Official reserve assets remained stable at 406 billion dirhams as of July 25th, […].




## Dirham Gains Against Euro, Falls Versus US Dollar 

**Central Bank Reports Slight Currency Fluctuations and Stable Reserves**

The Moroccan dirham experience

Dirham rises against Euro as central bank boosts market liqu

Dirham rises against Euro as central bank boosts market liquidity

## Moroccan Banks See Drop in Nonperforming Loans

**Credit quality improves as NPLs decline to 8.4% of total loans**

Morocco's banking sector witnessed a positive shift in 2024 with nonperforming loans (NPLs) decreasing by 2.7 percent to 97.4 billion dirhams, according to Bank Al-Maghrib's latest annual supervisory report. This decline signals an improvement in credit quality, as NPLs now represent 8.4 percent of total loans.

**Loans Under Watch Rise, Doubtful Debts Decrease**

While NPLs decreased, the number of loans under watch saw a 4.1 percent increase to 6.5 billion dirhams. Conversely, doubtful debts experienced a 1.7 percent decline, reaching 8.7 billion dirhams. Irrecoverable debts, however, rose by 3.1 percent to 82.2 billion dirhams, continuing to be the dominant factor within the NPL structure.

**Provision Coverage Strengthened Across Categories**

Overall provision coverage increased to 69 percent, demonstrating a strengthened commitment to managing risk.  This includes 76 percent for irrecoverable debts, 45 percent for doubtful debts, and 11 percent for loans under watch. Household NPLs climbed by 6.7 percent to 44.6 billion dirhams, while non-financial firms held 70.1 billion dirhams in NPLs.

**Resilience Amid Sectoral Risks**

Despite ongoing sectoral risks within industries like trade and construction, the banking system demonstrated resilience and improved provisioning rates.  




## Moroccan Banks See Drop in Nonperforming Loans

**Credit quality improves as NPLs decline to 8.4% of total loans**

Morocco's banking sector witnessed a posi

Nonperforming loans in Morocco drops to 97.4 Billion Dirhams

Nonperforming loans in Morocco drops to 97.4 Billion Dirhams in 2024

## Moroccan Dirham Gains Ground Against US Dollar

**Currency Fluctuations Reflect Market Activity**

The Moroccan dirham experienced a slight appreciation against the US dollar by 0.6 percent during the week of July 17 to 23, 2025. Meanwhile, it depreciated by 0.3 percent against the euro over the same period, according to Bank Al-Maghrib (BAM).

No foreign exchange auction operations were conducted by the central bank during this timeframe. Official reserve assets stood at 405.2 billion dirhams on July 18, marking a 0.5 percent weekly increase and an impressive 11.9 percent year-on-year surge.

**BAM's Intervention Strategy:**

BAM's average daily interventions totaled 128 billion dirhams during the week. This included:

* **7-day advances:** 49.5 billion dirhams
* **Longer-term repos:** 44 billion dirhams
* **Guaranteed loans:** 34.5 billion dirhams

Interbank trading averaged 3.5 billion dirhams per day, maintaining a stable rate of 2.25 percent.  A liquidity injection of 51.4 billion dirhams was executed on July 23.




## Moroccan Dirham Gains Ground Against US Dollar

**Currency Fluctuations Reflect Market Activity**

The Moroccan dirham experienced a slight appreciation agai

#Bank al maghreb

Morocco’s financial sector expands 10 percent amid global headwinds

Dirham rises against Euro as central bank boosts market liquidity

Nonperforming loans in Morocco drops to 97.4 Billion Dirhams in 2024

Dirham strengthens amid stable interbank rates