The outstanding bank credit amounted to 962.9 billion dirhams at the end of February 2023, up 3.3% annually, Bank Al-Maghrib said.
In its recently published bank credit-deposit scorecard, BAM points out that the 3.8% annual increase in loans to private
non-financial companies (NFCs) covers increases of 6.7% in cash facilities and 3% in equipment loans as well as a 4.8% drop in real estate loans.
Citing its business survey, BAM recalls that access to financing in Q4 2021 was considered normal by 90% of industrial companies, with a stagnating cost of credit.
According to the results of the survey on the conditions of granting of credit for the 4th quarter of 2021, the criteria would have been relaxed for cash loans, maintained unchanged for those to equipment and hardened for loans to real estate development.
By size, the criteria would have been kept unchanged for both SMEs and GEs.
As for the demand, it would have experienced an increase both for the TPME and for the GE and for all credit objects.
Bank Al-Maghrib informs, moreover, that the rates applied to the new credits appear, in the 4th quarter of 2021, in rise, from one quarter to the other, of 10 bps to 4,30%.
By size of company, they increased of 18 bps to 4,01% for the GE (big companies) and decreased of 10 bps to 4,88% for the TPME.
Participatory financing for housing On the
other hand, loans to households recorded an annual increase of 3.7%, reflecting mainly an increase of 4.3% in housing loans.
Ditto for the participatory financing for housing, in particular in the form of real estate Murabaha, which continued to grow and is Murabaha after 12 million dirhams a year earlier.
In addition, the dashboard of BAM shows that banks report unchanged criteria for granting both housing loans and consumer credits.
As for the demand, it would have progressed as well for the loans to the consumption as for those to the habitat.
As for the rates applied to new loans to households, in the 4th quarter of 2021, they were stagnant at 4.24% for housing loans and down 4 bps to 6.47% for consumer loans.
Be the first to comment