Access to bank financing would have been deemed “normal” by 84% of companies and “difficult” by 10% of them in the first quarter of 2025, according to Bank Al-Maghrib (BAM).
In “chemistry and parachemy”, these proportions reach 80 % and 17 % respectively, said BAM in a bulletin on the quarterly results of its conjuncture survey, noting that “agrifood” companies, “mechanical and metallurgy” and “textiles and leather” declare access to overall “normal” banking financing.
As for the cost of credit, it would have been, at T1-2025, in stagnation according to 73% of companies and down according to 21% of them. This last proportion reaches 40% in “chemistry and parachemy” and 21% in “the food industry”.
-On the other hand, 86% of “textile and leather” manufacturers report the cost of the cost of credit, against 11% which report an increase. In the “mechanical and metallurgy”, all business leaders indicate stagnation.
The Central Bank also reveals that investment expenditure would have stagnated according to 64% of manufacturers and up according to 22% of them. These proportions reach 82% and 18% respectively in the “mechanical and metallurgy”, 60% and 25% in “textiles and leather”, and 59% and 31% in “the food industry”.
In “chemistry and parachemy”, 53% of companies report a stagnation in investment expenditure, 28% a drop, and 18% an increase. These expenses would have been financed up to 73% by equity and 27% by recourse to credit. For the next three months, manufacturers anticipate an increase in investment spending in all branches.
