The credit landscape at the end of September 2023 reveals a noticeable slowdown in demand, reflecting an overarching sense of caution and diminished confidence among businesses and individuals.
Examining the year-on-year evolution, there is a significant decline in the outstanding loans extended to both businesses and individuals from 2020 to 2023. This reduction marks the lowest point since the onset of the Covid-19 crisis.
As of the end of September 2023, the total volume of these credits has experienced a decline of 355 million dinars. The most substantial decrease was observed in short-term loans, amounting to a staggering 1,244 million dinars.
It is noteworthy that by the end of June 2023, the proportion of problematic debts in outstanding loans granted to small and medium-sized businesses had risen to 26.2%, in contrast to the 25.2% recorded in 2022. This increase highlights a growing credit risk in the market.
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