Bank lending in Morocco rose 10.9% year on year to MAD 1.302 trillion at the end of June, driven by stronger financing for private companies and investment, according to Bank Al-Maghrib’s June 2026 Credit-Deposits dashboard released on Aug. 11.
Loans to private non-financial companies increased 8.2% to MAD 493.7 billion. Equipment financing recorded the strongest growth, rising 15.8% to MAD 150.4 billion, while property-development loans increased 9.4% and cash facilities rose 6.7%.
Household borrowing grew at a slower 3.4%, with housing loans up 2.7% and consumer credit rising 4.6%.
Bank Al-Maghrib’s lending survey showed banks kept credit standards broadly unchanged for companies in the first quarter while reporting stronger demand. The average rate on new loans edged up to 4.81% in the second quarter.
Deposits also continued to expand, reaching MAD 1.423 trillion at the end of June, up 8.7% from a year earlier. Household deposits rose 8.9% to MAD 1.031 trillion, including MAD 233.1 billion held by Moroccans living abroad.
Private-company deposits grew faster, increasing 14.1% to MAD 264.6 billion, giving banks a larger funding base as credit growth accelerated.
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