Bank Loans in Morocco Accelerate to 5.8% Growth, Reaching 946 Billion Dirhams

The central bank notes an increase in loans to the non-financial sector, which rose from 5.2% to 6%. According to BAM, this development reflects a 5.8% increase after 5% in loans to the private sector, with an acceleration to 9.2% after 7.7% in the growth of loans to private non-financial companies and a stabilization of the growth rate of loans to households at 2.1%.

Loans to public non-financial companies increased by 6% after 2.7%, it is specified. Conversely, consumer loans recorded a decline at the end of July. As for mortgage loans, they grew by 1.8% compared to 1.6% previously, totaling 278.35 billion dirhams. Housing loans, which are estimated at 216.07 billion dirhams, grew by 2.1% at the end of July.

Loans to real estate developers amount to 60.07 billion, with a stabilized growth rate of 1.2%. Equipment loans stood at over 185 billion dirhams, with a growth rate of 4.3% against 3.8% for the first seven months of the year.

Non-performing loans reached 77.15 billion dirhams (up 14%), an additional 9.6 billion dirhams compared to the previous year.