Bank Credit in Morocco Grows by 4.4% to Reach 1,144.8 Billion Dirhams
Bank credit in Morocco recorded an annual growth of 4.4%, reaching 1,144.8 billion dirhams by the end of May 2025, according to data from Bank Al-Maghrib.
This development reflects a 3.4% increase in loans directed towards non-financial operators, alongside a robust increase of 9.7% in loans provided to financial entities.
Loans granted to private non-financial companies rose by 2.8% year-on-year, driven by an 11.1% increase in equipment loans and a 6.8% rise in real estate financing, while treasury facilitation decreased by 2.8%.
Results from Bank Al-Maghrib’s survey on loan granting conditions during the first quarter of 2025 revealed a tightening of standards for treasury loans and real estate financing, while criteria for equipment loans remained stable. The survey indicated that conditions were relaxed for large companies, in contrast to tightening measures for very small, small, and medium enterprises (TPMEs).
In terms of demand, banks reported an increase in applications for various types of loans, particularly from large companies, while demand remained stable among TPMEs.
Results from Bank Al-Maghrib’s economic outlook indicated that 84% of industrialists consider access to bank financing “normal,” whereas 10% view it as “difficult.” Additionally, 73% of companies reported stable loan costs, while 21% mentioned a decline.
Regarding interest rates applied to new loans, they reached 5.17% during the first quarter of 2025, marking a decrease of 9 basis points compared to the previous quarter. These rates were 4.96% for large companies and 5.61% for very small, small, and medium enterprises.
As for loans granted to households, they rose by 2.4% year-on-year, driven by a 2.5% increase in housing loans and consumer loans.
