Morocco: Bank Deposits Reach MAD 1,367.7 Billion by End of 2025

Total bank deposits in Morocco reached MAD 1,367.7 billion by the end of December 2025, marking a 7.5% year-on-year increase, according to the latest “Loans and Bank Deposits” bulletin published by Bank Al-Maghrib. The data highlight the continued strengthening of banking liquidity amid evolving monetary conditions.

Household Deposits Continue to Grow

Household deposits increased by 5.9% compared to the previous year, reaching MAD 978.7 billion. This segment remains the largest contributor to banking resources and reflects sustained confidence among Moroccan households in the national financial system.

Out of this total, MAD 222.8 billion is held by Moroccans residing abroad (MREs), underscoring the significant role of diaspora savings and remittances in supporting domestic financial stability.

Private Corporate Deposits Post Strong Gains

Deposits from private non-financial corporations stood at MAD 260.5 billion, recording a robust annual increase of 10%. This growth suggests improved cash positions among businesses and a gradual recovery in several productive sectors.

Moroccan media outlets, including Hespress, reported that the upward trend reflects broader macroeconomic stabilization.

Term Deposit Rates Move Higher

Bank Al-Maghrib also reported a month-on-month rise in interest rates applied to term deposits. Rates on six-month deposits increased by 22 basis points to reach 2.53% at the end of December 2025, while twelve-month deposit rates rose by 4 basis points to 2.64%.

This adjustment is consistent with the broader monetary policy framework and evolving liquidity conditions within the banking system.

Minimum Savings Account Rate Set at 1.61% for Q1 2026

The minimum interest rate on regulated savings accounts was set at 1.61% for the first quarter of 2026, representing a decline of 30 basis points compared to the previous quarter. This rate is calculated based on a formula linked to short-term Treasury bill yields.

Further details on the latest deposit developments can be found in coverage by Al Arabiya – Economy.

Overall, the continued growth in bank deposits at the close of 2025 reflects the resilience of Morocco’s banking sector and its ability to mobilize savings to support economic activity and public financing needs.