Outstanding bank credit stood at 1,137.1 billion dirhams (billion dirhams) during the first nine months of 2024, up 4.9% from one year to the next, according to Bank Al-Maghrib ( BAM).
This outstanding amount is distributed among non-financial agents with 945.9 billion dirhams and financial agents (191.2 billion dirhams), specifies BAM in its recent “Bank Credits-Deposits” dashboard.
Bank credit to private non-financial companies marked an annual increase of 2%, mainly linked to the increase in loans for real estate development of 3.3% and those for equipment of 9.4%. In the same direction, liquidity facilities increased by 1.6%.
Concerning household loans, they recorded an annual increase of 1.1%, essentially reflecting an increase of 1.5% in home loans and 1.1% in consumer loans.
BAM also indicates that crowdfunding intended for housing, in particular in the form of real estate Murabaha, continued to grow and stood at 23.8 billion dirhams, after 20.9 billion dirhams a year earlier.
And remember that in Q2-2024, the banks indicate unchanged granting criteria for both home loans and consumer loans.
For demand, it would have increased, both for consumer loans and for housing loans.
The rates applied to new loans appear, for their part, in Q3-2024, generally virtually stagnant at 5.92%, with a decline to 4.76% for home loans and an increase to 7.06 % for consumer credits.
LNT with MAP
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