By the end of September 2022, outstanding bank credit reached MAD 1,038.7 billion, of which MAD 441.1 billion were allocated to private non-financial companies, 376 billion to households, 142.8 billion to financial actors and 48.8 billion granted to public non financial companies.
Bank Al-Maghrib’s latest figures reveal that the outstanding bank credit recorded in September 2022 has experienced an annual increase of 5.5%.
Loans granted to households in this period noted 3.5% increase compared to the same period last year.
The loans allocated to this category are divided between housing and consumption loans.
According to BAM, participatory financing intended for housing continued its progression and was established at MAD 18.2 billion, after 14.9 billion the year earlier, as demand for housing loans strongly increased, while it decreased for consumption credit.
Regarding the rates applied to new loans for households, the data show that they are currently set at 4.19% for housing loans and 6.39% for consumer loans in this quarter.
Lending rates for households reached 5.32% in Q3-2022, up from 5.14% in Q2-2022 and 5.205 in Q1-2022.
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