Morocco’s Banks to Offer Sub-2% Loans Following Royal Directive

The banking initiative is in response to the request of King Mohammed VI who had expressed, during the ceremony to present the program, his desire to see interest rates below 2% applied, in order to make the program accessible to all social strata.

During his speech, the Governor of Bank Al Maghrib had raised incentive measures put in place for the benefit of the various categories mentioned by the Sovereign, in particular the refinancing mechanism for the various operating or investment loans.

Granted at a preferential rate of 1.25%, these financing mechanisms will benefit equally to SMEs, VSEs, the agricultural sector and projects initiated in the rural world.