Bank Al-Maghrib : Bank loans increased to $962.9 billion

Bank Al-Maghrib indicated that the annual growth rate of bank credits stabilized at 962.9 billion dirhams, up 3.3%, at the end of February 2022.

In the dashboard relating to “credits and bank deposits” for the month of February 2022, Bank Al-Maghrib said that this rate is divided between the non-financial sector with 842.8 billion dirhams (+3.3%), and the financial sector with 120.1%. billion dirhams (plus 3.5%).

The Bank explained that the annual increase of 3.8% of loans granted to private non-financial institutions covers increases of 6.7% of cash facilities and 3% of equipment loans, in addition to a decline of 4.8% of real estate loans, adding that access to financing In the fourth quarter of 2021, 90% of industrial companies were considered normal, the cost of credit stagnating.

According to the results of the study on lending conditions for the fourth quarter of 2021, the criteria for cash flow loans could have been relaxed, kept unchanged for equipment loans and tightened for real estate development loans.

Depending on the size, the criteria would have remained unchanged for very small, small and medium enterprises, as well as for large enterprises. As for demand, it has increased for each of the very small, small and medium, and large firms.

In the fourth quarter of 2021, rates on new loans increased on a quarterly basis by 10 basis points to 4.3 percent. Depending on the size of the business, it increased by 18 basis points to 4.01% for large works and decreased by 10 basis points to 4.88% for very small, small and medium works.

As for loans to families, they recorded an annual increase of 3.7% which mainly reflects a 4.3% increase in housing loans. The participatory financing dedicated to housing, especially real estate ‘Murabaha’, continued its growth and reached 16.4 billion dirhams, after 12 billion dirhams a year ago.

In the fourth quarter of 2021, banks reported no change in the granting criteria for both housing and consumer loans. As for demand, it is increasing both for consumer and housing loans.

As for the rates applied to new loans to families, they were established, in the fourth quarter of 2021, at 4.24% for housing loans, and decreased by 4 basis points to 6.47% for housing loans.