Morocco
Morocco's Real Estate Market Plummets: 31% Drop in Sales Amid Price Declines
Sales in the real estate sector in Morocco fell by 31% in the first quarter of 2020, according to Bank Al Maghrib .
Topic
Bank Al-Maghrib
Morocco
Morocco's Real Estate Market Slumps: Transactions Down 30%, Prices Fall Amid Pandemic
Real estate transactions are down 29.5% in Morocco. According to Bank Al-Magrhib and ANCFCC, the real estate asset price index (IPAI) fell year-on-year by 1.4% in the first quarter of 2020.
Morocco
Moroccan Dirham Strengthens Against Euro: Economist Explains Key Factors
The dirham has recently appreciated against the euro during the period from mid-April to mid-May. Economist and exchange rate policy specialist Omar Bakkou explains the main reasons.
Morocco
Moroccan Dirham Plunges Against Euro and Dollar Amid Economic Turmoil
The dirham lost value during the month of April 2020, according to Bank Al-Maghrib (BAM). It depreciated by 4% against the Euro and 5.47% against the US Dollar.
Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Reserves Rise
The Moroccan dirham appreciated by 0.54% against the euro and 0.19% against the dollar during the period from April 30 to May 6, 2020.
Morocco
S&P Global Ratings Affirms Morocco's 'BBB-' Investment Grade Credit Rating
A few months after Fitch and Moody’s, the rating agency S&P Global Ratings has also confirmed at the "Investment grade" level, the "BBB-" rating of Morocco’s long-term foreign currency and local currency debt with a stable outlook.
Morocco
Morocco's Bank Lending Surges 5.3% to 918 Billion Dirhams in March
Bank loans recorded a 5.3% increase at the end of March, compared to a 4.2% increase the previous month, for a total amount of 918.48 billion dirhams.
Morocco
Moroccan Bank Lending Surges 5.3% in March, Driven by Business and Household Loans
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 also covers an increase in loans to the non-financial sector of 6.4% in March against 4.9%.
Morocco
Ramadan Consumer Credit Offers in Morocco Raise Concerns Over Hidden Costs
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 financial abyss. Beware!
Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
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 (BAM) .
Morocco
Moroccan Human Rights Group Alleges Banks Violate COVID-19 Debt Relief Measures
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 Bank Al Maghrib (BAM), the regional office of the Moroccan Association of Human Rights (AMDH) in Fès-Meknès denounces "refusals to postpone bank credit deadlines by certain agencies".
Morocco
Moroccan Banks Process 400,000 Loan Deferral Requests Amid COVID-19 Crisis
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 Professional Group of Banks (GPBM) in a press release.