Moroccan Banks Issue Nearly 1 Trillion Dirhams in Loans, Real Estate Sector Sees Growth

According to BAM, real estate loans have seen an increase of 1.7% with an outstanding amount of 278.32 billion dirhams, i.e. 4.64 billion more than in August 2019 against 216.69 billion dirhams (+2.2%) for housing loans, including 9.4 billion dirhams of participatory housing financing.

As for the outstanding amount of real estate Murabaha, it appreciated by 43% at the end of August compared to a slight decline in real estate development financing compared to the same period in 2019. As for the credits granted to real estate developers, they exceeded 58.99 billion dirhams, i.e. 299 million dirhams less than the outstanding amount allocated a year ago. As for equipment loans, their outstanding amount reached 184.23 billion DH, an increase of 3%.

As for non-performing loans, they increased by 12.8% at the end of August, bringing these unpaid debts to 77.36 billion dirhams. At the public sector level, 75.20 billion dirhams of credit were contracted at the end of August, an increase of 6.1%.

Note that the outstanding amount granted to the private sector increased by 5.6% to 738.47 billion dirhams, including 388.82 billion dirhams granted to private non-financial companies and 349.64 billion dirhams to households.