Bank Al-Maghrib

Moroccan Bank Lending Surges 5.3% in March, Driven by Business and Household Loans

3 May 2020

In a note on the monetary statistics for March 2020, Bank Al-Maghrib (BAM) indicates that bank credit increased, year-on-year, by 5.3%, after 4.2% in February. This development (…)

Ramadan Consumer Credit Offers in Morocco Raise Concerns Over Hidden Costs

29 April 2020

Financing companies are currently in full promotion mode. The Ramadan period is particularly suitable for this. But what is presented as an opportunity can turn out to be a (…)

Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports

29 April 2020

During the period of April 16 to 22, the dirham appreciated by 2.61% against the euro and 2.17% against the dollar. This is according to an announcement made by Bank Al-Maghrib (…)

Moroccan Human Rights Group Alleges Banks Violate COVID-19 Debt Relief Measures

28 April 2020

In a letter addressed to the Head of Government, the Minister of Economy and Finance, the President of the Professional Grouping of Banks of Morocco (GPBM), and the Wali of (…)

Moroccan Banks Process 400,000 Loan Deferral Requests Amid COVID-19 Crisis

21 April 2020

In two weeks, Moroccan banks have received and processed nearly 400,000 requests for the deferral of loan installments, with a rejection rate not exceeding 4%, according to the (…)

Moroccan Dirham Holds Steady Against Euro, Gains on Dollar as Reserves Rise

20 April 2020

According to Bank Al-Maghrib (BAM), the Moroccan currency remained almost stable against the euro and appreciated by 0.40% against the dollar, during the period from April 9 to 15.

Morocco’s Central Bank Unveils New SME Loan Refinancing Guidelines Amid COVID-19 Crisis

17 April 2020

Bank Al-Maghrib issued on April 15, 2020, the circular setting the terms of refinancing of loans. This concerns loans granted by banks as part of the support program for the (…)

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar; Reserves Rise

15 April 2020

The dirham appreciated by 0.19% against the euro and depreciated by 0.46% against the dollar during the period from April 2 to April 8, according to Bank Al-Maghrib (BAM).

Moroccan Dirham Weakens 1.4% Against Euro, Reserves at 241.5 Billion

12 April 2020

In March, the dirham depreciated by 1.4% against the euro and remained virtually stable against the US dollar, according to Bank Al Maghrib(BAM).

Moroccan Dirham Slumps Against Dollar and Euro as Reserves Rise

6 April 2020

The Moroccan currency depreciated by 4.56% against the dollar and 3.40% against the euro during the period from March 26 to April 1. This is the main point to remember from (…)