outstandings at 985.2 billion dirhams at the end of May

Outstanding bank credit stood at 985.2 billion dirhams (MMDH) during the first five months of 2022, an annual increase of 3.6%, according to Bank Al-Maghrib (BAM).

In detail, the outstanding amount of bank credit to non-financial agents amounted to 863.3 billion dirhams and that to financial agents to 121.9 billion dirhams, specifies BAM in its “bank credits-deposits” dashboard of May 2022 .

The 6.4% annual increase in loans to private non-financial enterprises (NFEs) essentially reflects the 11.6% increase in cash facilities and, to a lesser extent, the 2.3% increase in loans to equipment, adds the same source, noting that real estate loans, on the other hand, fell by 3.7%. Furthermore, said scoreboard indicates that the BAM business survey indicates that access to financing, in Q1-2022, was considered normal by 91% of industrial companies and difficult by 9%, with a cost of sluggish credit.

According to the available results of the survey on credit conditions for Q1-2022, the criteria would have been relaxed for cash loans, kept unchanged for those for equipment and tightened for development loans. real estate. By size, the criteria would have been kept unchanged for both very small, small and medium-sized enterprises (TPME) and for large enterprises (GE). As for demand, it would have experienced a drop both for VSMEs and for GEs and for all credit items.

In Q1-2022, the rates applied to new loans fell to 4.02%. These rates stood at 3.65% for LEs and 4.85% for VSMEs.

For loans granted to households, they stood at 371.5 billion dirhams at the end of May 2022, i.e. an annual increase of 3.3%, essentially reflecting a 2.9% increase in housing loans. Crowdfunding for housing, in particular in the form of real estate Murabaha, continued to grow to reach 17.1 billion dirhams, after 13.2 billion dirhams a year earlier. In Q1-2022, the banks declare unchanged granting criteria for both housing loans and consumer loans. For demand, it would have increased for consumer loans and decreased for those for housing.

As for the rates applied to new loans to households, they stand, in Q1-2022, at 5.20% with 4.21% for housing loans and 6.50% for consumer loans.

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